Bill would require firms earning 20%+ from public contracts to disclose amounts on tax returns

The House Committee on Revenue opened March 4 for public testimony on House Bill 2,871, which would require businesses receiving at least 20% of gross receipts from public contracts during a tax year to file, with applicable income or corporate activity returns, a plain‑language statement of the amount of public contracts received that year and for the prior two years. The Department of Revenue would publish the submitted statements; the requirement would apply to tax years beginning Jan. 1, 2028.

Representative Paul Evans, who introduced the proposal, said the bill aims to clarify the boundary between private entities and entities…