Senate Committee on Revenue and Fiscal Affairs
May 1, 2017
10:00 am
John J. Hainkel, Jr. Room

Adjourned
 
* Agenda Revised April 28, 2017, 3:00 pm *
Revision Notes: Removed SB124 and SB161

 




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

ROLL CALL

MINUTES TO BE APPROVED:
 April 24, 2017

LEGISLATION TO BE CONSIDERED
 SB21PEACOCKTAX/TAXATION - Provides for the reinstatement of the tax exemption on manufacturing machinery. (7/1/17) (OR -$22,000,000 GF RV See Note)
 SB29MORRELLTAX EXEMPTIONS - Provides relative to the sales and use tax exemption for antique airplanes. (7/1/17) (EG SEE FISC NOTE GF RV See Note)
 SB30MORRELLTAX/SALES - Extends the Tax Free Shopping Program set to terminate on July 1, 2017. (gov sig) (EN -$1,200,000 GF RV See Note)
 SB31MORRELLTAX/SALES - Includes certain numismatic coins in the definition of tangible personal property subject to sales and use tax. (7/1/17) (EG INCREASE GF RV See Note)
 SB32MORRELLTAX/AD VALOREM - Provides for the sunset of the tax credit for ad valorem taxes paid on natural gas. (gov sig) (OR +$4,800,000 GF RV See Note)
 SB51PEACOCKTAX/TAXATION - Requires a credit to be given on income taxes for franchise taxes paid in another state. (gov sig) (OR DECREASE GF RV See Note)
 SB79LUNEAUTAX/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)
 SB95MORRISHTAX EXEMPTIONS - Changes the rebate for donations to certain school tuition organizations to a nonrefundable income tax credit. (gov sig) (EN INCREASE GF RV See Note)
 SB97FANNINTAX EXEMPTIONS - Provides relative to the sales and use tax exemption for feed, seed, and fertilizer used by commercial farmers. (1/1/18) (EN SEE FISC NOTE See Note)
 SB105BRET ALLAINTAX EXEMPTIONS - Provides an exemption from sales and use tax for fuel used for farming. (gov sig) (RE -$796,000 GF RV See Note)
 SB113BARROWTAX EXEMPTIONS - Provides relative to entities that are exempt from the corporation franchise tax. (1/1/18) (RE DECREASE GF RV See Note)
 SB171BARROWTAX/INCOME/PERSONAL - Provides for an income tax credit for physicians who provide uncompensated care to indigent patients. (gov sig) (OR DECREASE GF RV See Note)
 SB172MORRELLTAX/TAXATION - Terminates certain tax credits as of January 1, 2019. (gov sig) (EN +$27,000,000 GF RV See Note)
 SB173MORRELLTAX/TAXATION - Provides for termination of income and corporation franchise tax credits. (gov sig) (OR SEE FISC NOTE GF RV)
 SB177MORRELLTAX/TAXATION - Provides relative to the Motion Picture Tax Credit Program for the withholding of income tax for performance of services on a state-certified production. (7/1/17) (EN NO IMPACT See Note)
 SB178MORRELLTAX/TAXATION - Establishes termination dates for certain tax credits and incentive programs administered by the Department of Economic Development. (gov sig) (EN INCREASE GF RV See Note)
 SB179MORRELLTAX/TAXATION - Terminates the tax credit for vessels in Outer Continental Shelf Lands Act Waters. (gov sig) (OR +$52,700,000 GF RV See Note)
 SB181MORRELLTAX/TAXATION - Terminates certain tax credit programs. (gov sig) (EG +$3,500,000 GF RV See Note)
 SB235MORRELLTAX/TAXATION - Provides relative to the Motion Picture Production Tax Credit. (gov sig) (OR SEE FISC NOTE GF RV)
 SB240RISERTAX/INCOME/PERSONAL - Exempts flood or tornado victims from paying state individual income tax for the 2017 tax year. (gov sig) (EG DECREASE GF RV See Note)
 SB241JOHNSTAX EXEMPTIONS - Restores the sales and use tax exemption for dental devices. (gov sig) (EN NO IMPACT GF RV See Note)
 SB243PEACOCKTAX/TAXATION - Provides relative to the tax credit for conversion of alternative fuel vehicles. (gov sig) (EN INCREASE GF RV See Note)
 SB248MORRELLTAX/TAXATION - Provides for an annual cap and a termination date for the musical and theatrical production income tax credit. (7/1/17) (EN SEE FISC NOTE GF RV See Note)
 SB253RISERTAX/TAXATION - Provides an individual income tax credit for certain medical expenses paid by certain state employees. (1/1/18) (OR DECREASE GF RV See Note)

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT