Amends House Bill 40, House Bill 304, and existing law to revise provisions regarding certain tax deductions, certain corporate income tax rates, certain protections for taxpayers, and certain sales tax distributions and to revise an effective date.
TAXATION -- Amends House Bill 40, House Bill 304, and existing law to revise provisions regarding certain tax deductions, certain corporate income tax rates, certain protections for taxpayers, and certain sales tax distributions and to revise an effective date.
STATEMENT OF PURPOSE
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This legislation is a trailer bill to H40, H304, and H354 along with other changes to tax code.
FISCAL NOTE
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The $100M for property tax relief in H304 will occur in 2025 starting with the fiscal year budget beginning on July 1, 2025. All other changes in this legislation cause no additional expenditure of funds at the state or local level of government, nor does it cause an increase or decrease in revenue for state or local government.
HOW THEY VOTED
House Third Reading
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YEA (68)
NAY (0)
ABSENT / NOT VOTING (2)
LATEST ACTION
Recommitted to Local Government & Taxation
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Mar 24, 2025
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