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Conference committee debates bundling tax changes, homestead protections and ethanol credit
Summary
A legislative conference committee discussed packaging homestead senior protections, child tax credit carry-forward, ethanol fuel credit language and a veterans subtraction while leaving the community land trust bill partly unresolved; staff reported fiscal impacts and members agreed to a tentative three-year carry-forward for child tax credits.
A conference committee negotiating tax-related measures discussed bundling several provisions into Senate Bill 82 while flagging administration and fiscal questions.
The committee's chair raised concerns about including an alcohol-manufacturing carve-out in a larger package and asked members to consider keeping that provision separate. A House negotiator said "the House is willing to accept your position on the ethanol fuel credit" if the Senate will include language on a single-factor apportionment that would allow an in-state alcohol manufacturer to elect single-factor sales apportionment while preserving three-factor treatment for certain out-of-state businesses.
The exchange matters because the single-factor language (referred to in the meeting as "23 7 73") affects which manufacturers qualify for the tax treatment. "This is also a business bill where we have an in-state business that is trying to get the benefits of using single factor sales," the House negotiator said, urging…
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