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House amends and re-passes satellite and cable tax bill after technical fix
Summary
Senate Bill 195, which would repeal the prior satellite/cable local tax and replace it with a state excise tax, was initially passed on the House floor and then recalled for a technical amendment; after reconsideration and insertion of the amendment the House passed the bill as amended.
Representative Jay Alexander, floor sponsor, explained to the House that Senate Bill 195 would repeal the satellite-and-cable tax enacted last year and replace it with a state excise tax assessed at 6.25 percent. He said the change brings previously local revenue into a state-administered excise and would reduce the cable side from 6.6 percent to 6.25 percent while consolidating the local portion into the new state levy. Alexander also noted the bill…
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