House Finance hears technical tax bill updating reporting, data-center and medical-equipment rules

The House Finance Committee heard testimony on Thursday, March 13, on SB 54 31, a technical corrections bill that makes multiple, mostly administrative changes to tax law, including updating tax‑preference reporting, clarifying employment conditions for a rural data‑center sales and use tax exemption, codifying billing rules for medical equipment sales, and moving the due date for the statewide tax‑exemption study.

Christina King, staff to the committee, summarized the bill’s four main components and walked members through current law and the proposed changes. King said the bill replaces outdated references to a Department of Revenue survey with a requirement that taxpayers file an annual tax performance report to the Department of Revenue by May 31 to claim a tax preference. King told the committee the change gives the Joint Legislative Audit and Review Committee (JLARC) access to the correct report when it conducts reviews of tax preferences.

Kate Armstrong of the Department of…