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Tax provisions from two House bills to be folded into SB 300, committee agrees
Summary
The tax conference committee agreed to insert the contents of House bills 2773 and 2642 into Senate Bill 300, clarifying fiscal-note status and setting a statute-book effective date of July 1; language from SB 39 will remain in vehicle 2515.
The tax conference committee agreed to insert provisions from two House-passed tax bills—HB 2773 and HB 2642—into Senate Bill 300 during a brief session, the chair said. Committee members also confirmed that language from SB 39 will remain carried in vehicle 2515.
The move would add HB 2773’s single-factor apportionment provision for certain manufacturers of alcoholic liquor and HB 2642’s cleanup removing obsolete references to global intangible low-taxed income (GILTI) from the state adjusted gross income definition. “We will accept taking the contents of 2773 and 2642 and inserting them into Senate Bill 300,” the chair said.
David, a staff member who described SB 300’s prior scope, said SB 300 had earlier included a provision to prevent the state bank commissioner or other state agencies from serving as a receiver for tax-increment financing (TIF) and that language was signed into law as part of a consumer-protection package. “I believe she signed that into law yesterday with our consumer protection bundle,” David said.
Committee staff and the Revisor briefed members on fiscal notes. The Revisor said HB 2642 carries no fiscal note. On HB 2773, the Revisor said the measure could have a fiscal impact but the Department of Revenue could not quantify an estimate because taxpayer-confidentiality rules limit disclosure and the change would affect fewer than five taxpayers, making a numerical estimate nonpublic.
The committee discussed the bills’ procedural history: HB 2773 passed the House 116–8 and had been referred to the Senate Tax Committee but did not appear to have received a Senate hearing; HB 2642 passed the House unanimously and was heard in Senate Tax on March 13. The Revisor recommended that the inserted provisions be made effective on the statute book July 1.
The session concluded with clerical steps still to complete: Senator Miller will serve as the signer on the updated SB 300 and the committee asked a senator to sign 2515. “I think that concludes our business,” the chair said, and the committee adjourned.
The action taken was procedural—accepting insertion of the two House bills into SB 300 and leaving SB 39 language in 2515—and did not record a roll-call vote in the transcript.
