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Revenue & Tax Committee advances package of tax‑related bills including sales‑tax exemptions, ABLE changes, and credit adjustments
Summary
The committee approved or advanced a series of bills: a collector‑currency sales‑tax exemption, a PTO/PTA fundraising exemption, ABLE account technical changes, water‑conservation credit increases, BLR access to DFA data, a cold‑case investigator credit, a revitalization credit extension, and a printer/manufacturing exemption.
The Senate Revenue & Tax Committee considered a sequence of bills and amendments and moved multiple measures forward by voice vote. Key actions included:
- SB 336 (Mark Johnson): Adopted an amendment narrowing a sales/use tax exemption to collector currency that is or was legal tender; DFA estimated FY22 loss ≈ $766,000 and a full‑year estimate ≈ $1.1 million; the bill passed as amended.
- House Bill 1023 (Rep. Lowery): Clarified that PTOs/PTAs and similar school fundraising organizations are exempt from sales tax on fundraising sales; sponsor said fiscal impact is…
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