Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate adopts bill to authorize limited sale of future tax credits to raise one‑time revenue
Summary
The Senate took up and approved House Bill 25B‑1004, allowing the Treasury to sell capped future tax credits at a minimum of 80¢ on the dollar and transfer net proceeds to the general fund. Sponsors said the one‑time sale would raise about $100 million for schools and wildfire response; critics warned of long‑term revenue loss and questioned fiscal prudence.
The Senate considered and adopted House Bill 25B‑1004 in committee of the whole and on second reading as part of the special session’s package. The bill authorizes the state treasurer to sell a limited amount of future tax credit certificates at a floor price of at least 80¢ per dollar and directs proceeds, after issuance and administrative costs, into a cash fund and a $100…
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
