Split on floor as senators debate 4% BPT rollback and effect on reserves
Senators divided over a rollback of the business privilege tax to 4%; opponents warned the permanent cut would erode reserves and long‑term capacity while supporters said the governor's bill funds priority programs and represented a political compromise.
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The hearing featured an extended floor debate over the proposed rollback of the business privilege tax (BPT) to 4 percent and the broader fiscal tradeoffs in the substitute bill.
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