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Senator Lowe urges removal of sales tax on labor for tangible property; subcommittee votes negative
Summary
Senate Bill 1465 would eliminate the remaining sales tax on labor for tangible property; Senator Lowe framed it as a meaningful tax cut for families and small businesses, but the subcommittee cited a roughly $63.3 million fiscal impact and moved a negative recommendation.
Senator Lowe explained SB 1465 as targeting the "remnant of sales tax on labor when it comes to tangible property," saying the change would lessen costs for families and small businesses and asking the committee to consider the option among broader tax-cut choices.
The chair read a fiscal note of $63,300,000. Following explanation, Senator Hale moved a negative recommendation, seconded by Senator Powers; the clerk recorded five ayes and SB 1465 was forwarded to finance with a negative recommendation.
