House Committee on Ways and Means
February 24, 2016
1:30 p.m.
Room 6

Adjourned		 
* Agenda Revised October 2, 2017, 3:19 pm *
Revision Notes: REVISED (start time change from Weekly)

 		 




  BLUE = already considered.   RED = currently being considered.   BLACK = not yet considered.
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CALL TO ORDER

ROLL CALL

DISCUSSION OF LEGISLATION
 HCR4MORRISTAX/SALES-USE-EXEMPT - Suspends various exemptions as to the 2%, 1%, and 0.97% state sales and use tax levies (Item #36) (EG SEE FISC NOTE GF RV See Note)
 HCR5JACKSON-ANDREWSTAX/SALES-USE-EXEMPT - Suspends various exemptions as to the 2%, 1%, and 0.97% state sales and use tax levys (Item #36) (OR SEE FISC NOTE GF RV See Note)
 HB36MORRISTAX/CORP INCOME - Reduces the rates and modifies the brackets for purposes of calculating corporate income tax liability (Item #3) (OR DECREASE GF RV See Note)
 HB78IVEYTAX/INCOME TAX - (Constitutional Amendment) Eliminates the income tax deduction for federal income taxes paid and provides for the maximum rate for individual income tax (Items #2, 3, 17, and 19) (EG SEE FISC NOTE GF RV See Note)
 HB79IVEYTAX/INCOME TAX - Repeals the state income tax deduction for federal income taxes paid for purposes of calculating corporate income taxes (Item #17) (EG +$22,000,000 GF RV See Note)
 HB81THIBAUTTAX/SALES & USE - (Constitutional Amendment) Repeals certain state sales and use tax exemptions (Items #16 and 36) (EG SEE FISC NOTE GF RV See Note)
 HB82STOKESTAX/TAXATION - (Constitutional Amendment) Provides with respect to limitations on sales and use tax including exclusions and exemptions (Item #36) (OR +$90,800,000 SG RV See Note)
 HB84JACKSON-ANDREWSTAX/SALES-USE-EXEMPT - (Constitutional Amendment) Removes the prohibition against levying a state sales and use tax on the sale of gasoline (Item #36) (EG +$90,800,000 GF RV See Note)
 HB98MORRISTAX CREDITS - Amends Act No. 125 of the 2015 Regular Session of the Legislature to provide relative to income and corporation franchise tax credits (Item #10) (OR INCREASE GF RV See Note)
 HB101JACKSON-ANDREWSTAX/SALES-USE, STATE - Provides for the extent of applicability of various exclusions and exemptions from state sales and use tax (Item #36) (EG +$789,900,000 GF RV See Note)
 HB103IVEYTAX/CORP INCOME - Provides relative to the rate of corporate income tax (Items #3 and 19) (EG DECREASE GF RV See Note)
 HB104STOKESTAX/SALES-USE, STATE - Provides for the tax base for the state sales and use tax (Items #9 and 36) (EGF +$573,700,000 GF RV See Note)
 HB106IVEYTAX/INCOME TAX - Requires that certain deductible items be added-back on certain corporate income tax returns (Item #5) (EG INCREASE GF RV See Note)
 HB114THIBAUTTAX/SALES-USE, STATE - Provides relative to the state sales and use tax (Item #30) (EG SEE FISC NOTE GF RV See Note)
 HB116IVEYTAX/CORP INCOME - Provides relative to loss years for purposes of the net operating loss deduction for corporate income tax (Item #5) (EN SEE FISC NOTE GF RV See Note)
 HB117IVEYTAX/SALES & USE - Dedicates the avails of the existing one percent state sales and use tax to the Stability in Higher Education Fund and provides with respect to the extent of that tax base for purposes of monies available for deposit into the fund (Items #7 and 36) (EG SEE FISC NOTE GF RV See Note)
 HB120STOKESTAX/SALES-USE, STATE - Provides relative to the imposition of state sales tax on certain motor fuels (Items #9 and 36) (OR INCREASE GF RV See Note)
 HB121JACKSON-ANDREWSTAX/SALES-USE, STATE - Provides relative to the imposition of state sales tax on certain motor fuels (Items #9 and 36) (EG INCREASE SD RV See Note)

OTHER BUSINESS

ANNOUNCEMENTS