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Senate approves substitute to restore taxi fare sales-tax exemption, sponsor says fiscal impact much smaller than earlier estimate
Summary
First substitute Senate Bill 50, which would reinstate a sales-tax exemption for taxi fares to ease costs for seniors, disabled riders and low-income residents, passed the Senate'floor advancement vote after the sponsor said a substitute changed the fiscal note from about $500,000 to roughly $134,000 in lost revenue.
Senator Stewart introduced the first substitute to Senate Bill 50, arguing lawmakers previously removed a taxi fare exemption in an effort to broaden tax bases, but that the burden fell disproportionately on elderly, disabled and low'income riders. "About 75% of the people that use taxi service in this state are elderly and…
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