Senate Committee on Revenue and Fiscal Affairs
April 17, 2017
1:00 pm
John J. Hainkel, Jr. Room
Adjourned
* Agenda Revised April 15, 2017, 8:28 am *
Revision Notes:
REMOVED SB180
BLUE
= already considered.
RED
= currently being considered.
BLACK
= not yet considered.
**Click on an instrument for additional information. Click on an author for the author's home page.
CALL TO ORDER
ROLL CALL
APPROVAL OF MINUTES FROM THE 2016 REGULAR SESSION AND SPECIAL SESSIONS
LEGISLATION TO BE CONSIDERED
SB18
PEACOCK
TAX/TAXATION
- Provides a tax credit for conversion of vehicles to alternative fuel for purchases before January 1, 2018. (gov sig) (OR +$1,800,000 GF RV See Note)
SB22
PEACOCK
TAX/TAXATION
- Provides for items eligible for the 2nd Amendment Sales Tax Holiday. (8/1/17) (EG +$400,000 GF RV See Note)
SB25
MORRELL
TAX/INCOME/PERSONAL
- Sunsets the individual income tax education credit. (gov sig) (EN +$9,200,000 GF RV See Note)
SB26
MORRELL
TAX EXEMPTIONS
- Constitutional amendment to prohibit contracts under the industrial property tax exemption program from exempting millages related to school funding. (2/3 - CA13s1(A)) (EG INCREASE LF RV See Note)
SB33
MORRELL
TAX/TAXATION
- Eliminates sunset provision on credit for taxes paid in other states. (gov sig) (EG +$31,300,000 GF RV See Note)
SB48
MORRELL
TAX/TAXATION
- Provides for the termination of the credit for purchase of qualified recycling equipment or service contracts. (gov sig) (EG +$100,000 GF RV See Note)
SB79
LUNEAU
TAX/TAXATION
- Removes the June 30, 2018, sunset provision and makes permanent reductions to certain income and corporation franchise tax credits. (gov sig) (EN +$12,500,000 GF RV See Note)
SB93
FRED MILLS
TAX/TAXATION
- Excludes from repairs to tangible personal property and fabrication certain preparation and painting of certain aircraft for purposes of sales and use tax aircraft having an FAA registration address outside the state. (7/1/17) (EN NO IMPACT GF RV See Note)
SB174
MORRELL
TAX/TAXATION
- Provides for a deduction for individual and corporate income tax for certain disaster payments. (gov sig) (EG DECREASE GF RV See Note)
SB175
MORRELL
TAX/INCOME/PERSONAL
- Provides for a deduction for certain casualty losses arising from a major disaster. (gov sig) (EG DECREASE GF RV See Note)
SB182
MORRELL
TAX/AD VALOREM
- Provides for the tax credit for ad valorem taxes paid on inventory by taxpayers included in one consolidated federal income tax return. (gov sig) (EN DECREASE GF RV See Note)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT