BILL · 2009–10 SESSION

HB 2972: Preferential tax treatment

Increasing revenues by eliminating and narrowing preferential tax treatment.

Summary

  • Repeals the business and occupation (B&O) tax and sales tax exemptions for precious metal bullion and monetized bullion.
  • Eliminates sales tax exemption for nutrient management equipment, facilities and related services for beef cattle feeding operations between July 1, 2010 and July 1, 2013.
  • Makes corporate board of directors fees subject to the B&O tax at the 1.5 percent tax rate.

From the House Bill Analysis 2010 (HB 2972), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 19, 2010
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Ross Hunter (D-48)
Introduced
January 19, 2010 in the House
Last action
March 15, 2010
Requested by
State agency
Companion bill
SB 6713
Budget
Has a fiscal note

AN ACT Relating to increasing revenues by eliminating and narrowing preferential tax treatment;

Sponsors

Prime sponsor: Ross Hunter (D-48)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Finance.

HB 2972 in other sessions

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

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