REVENUE & TAX - SENATE - Apr 14, 2021

REVENUE & TAX - SENATE · April 14, 2021

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SB 26: coal added as manufacturing cost exemption — presentation

Presentation

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Senator James Stearch (introducing) summarized SB 26, explaining the bill would add coal to the list of direct manufacturing cost exemptions; he estimated a full implementation fiscal impact of about $800,000 and said only a handful of businesses still use coal in direct manufacturing.

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Senate Revenue & Tax committee heard multiple tax and revenue bills, including a $2 million scholarship tax-credit (SB 680) with extended public testimony, proposals to expand sales-tax exemptions to student electronic devices (SB 244), and a reciprocal/remote-work income-tax rule (SB 484). The committee voted to pass several bills and adjourned after losing quorum.

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Transcript

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