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Ways & Means reviews sweeping changes in H.933 tax bill, conducts straw poll to send differences to conference committee
Summary
Legislative counsel walked the committee through a 71‑page Senate proposal of amendment to H.933, covering S‑corp rules, transfer and land‑use taxes, communications property valuation, scholarship‑granting organization reporting and multiple effective dates; the committee conducted a 10–0 straw poll to send differences to a committee of conference and postponed formal votes.
Legislative counsel Kirby Keehn, legislative counsel, walked members of the House Ways & Means Committee through the Senate proposal of amendment to H.933, a broad tax and finance bill, detailing changes across more than 70 pages of statutory text.
Keehn said the amendment ‘‘repeals the denial of tax debt for S corporations’’ and fixes several administration issues including transfer tax treatment for sales of second homes, clarifies current‑use enrollment rules for forest land and adjusts how municipal stabilization and equalization studies treat CHIP sites.
The committee pressed for clarifications on multiple technical points. On forest land…
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