BILL · 2005–06 SESSION

SB 6132: Credit union & state charter

Creating a use tax exemption when converting or merging a federal, foreign, or out-of-state credit union into a state charter.

Summary

  • Personal property, services, and extended warranties that are acquired by a state credit union from a federal, out-of-state, or foreign credit union as a result of a conversion or merger are exempt from use tax.

From the Senate Bill Report (SB 6132), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 9, 2006
  2. Out of committeeJan 31, 2006
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
January 9, 2006 in the Senate
Last action
March 8, 2006
Companion bill
HB 2364
Budget
Has a fiscal note

AN ACT Relating to use tax owed by converting or merging credit unions when converting or merging a federal, foreign, or out-of-state credit union into a state charter;

Sponsors

Votes

No recorded floor votes.

History

  1. Referred to Rules.
  2. Placed on second reading by Rules Committee.
  3. Made eligible to be placed on second reading.
  4. WM - Majority; do pass.
  5. Passed to Rules Committee for second reading.
  6. First reading, referred to Ways & Means.
  7. Prefiled for introduction.

SB 6132 in other sessions

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

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