Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Large tax package draws broad support and opposition at Ways and Means hearing
Summary
House Bill 2,081, a sweeping business‑tax package that raises base B&O rates, adds temporary surcharges on the largest taxpayers and hikes an advanced computing surcharge, drew extensive testimony for and against funding priorities ranging from education and care services to business competitiveness.
Senate staff presented an engrossed substitute to House Bill 2,081 that would increase base B&O rates for several tax classifications, add a temporary 0.5% surcharge on very large taxpayers and raise the advanced computing surcharge rate and cap. Committee staff explained the bill is projected to raise several billion dollars in revenue over four years and includes targeted exemptions and thresholds intended to limit the largest impacts.
Supporters urged passage to shore up education, health and social services. Emma Scalzo of Balance Our Tax…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
