BILL · 1993–94 SESSION

HB 2665: Low-density light/power busn

Providing a gross receipts tax deduction for low-density light and power businesses.

Summary

  • Light and power businesses with fewer than 17 customers per mile and with retail power rates greater than the state average may deduct from taxable gross receipts a portion of wholesale power costs. The deduction is the smallest of the following three amounts: 1.(a) 25 percent of wholesale power costs when the utility has fewer than 5.5 customers per mile of line.

From the Senate Bill Report (HB 2665), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 236, Laws of 1994
  1. IntroducedJan 19, 1994
  2. Out of committee
  3. Passed HouseFeb 26, 1994
  4. Passed SenateMar 9, 1994
  5. Governor
  6. LawApr 1, 1994
Prime sponsor
Gregory Fisher (D-33)
Introduced
January 19, 1994 in the House
Last action
April 1, 1994
Session law
Chapter 236, Laws of 1994
Companion bill
SB 6528
Budget
Has a fiscal note

Sponsors

Votes

House · Final Passage

February 26, 1994
Version voted on: HB 2665
83 Yea 5 Nay 0 Absent 10 Excused
PartyYeaNayAbsentExcused
Democrat53406
Republican30104
How each member voted

Yea (83)

Senate · Final Passage

March 9, 1994
Version voted on: HB 2665
46 Yea 1 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat27001
Republican19101
How each member voted

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 2665 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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