BILL · 1997–98 SESSION

SB 5631: Eductn loan guarantee/tax

Exempting education loan guarantee services from business and occupation tax.

Summary

  • Nonprofit organizations exempt from federal income tax that provide guarantees for student loans made through programs other than the federal guaranteed student loan program are exempt from payment of the business and occupation tax.

From the Senate Bill Report (SB 5631), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 324, Laws of 1998
  1. IntroducedFeb 4, 1997
  2. Out of committee
  3. Passed SenateFeb 11, 1998
  4. Passed HouseMar 10, 1998
  5. Governor
  6. LawApr 3, 1998
Prime sponsor
Jeannette Wood (R-21)
Introduced
February 4, 1997 in the Senate
Last action
April 3, 1998
Session law
Chapter 324, Laws of 1998
Budget
Has a fiscal note

Sponsors

Prime sponsor: Jeannette Wood (R-21)

2 co-sponsors (1 Democrat, 1 Republican)

Votes

Senate · Final Passage

February 11, 1998
Version voted on: SB 5631
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat23000
Republican23003
How each member voted

House · Final Passage

March 10, 1998
Version voted on: SB 5631
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat39002
Republican55002
How each member voted

Yea (94)

Excused (4)

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.

SB 5631 in other sessions

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

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