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
- IntroducedJan 19, 2010
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- 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
- By resolution, reintroduced and retained in present status.
- 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.
- HB 2972 (2017–18) Illicit marijuana production
- HB 2972 (2015–16) State environmental policy
- HB 2972 (2007–08) Bridge safety
- HB 2972 (2005–06) Community rates/health plans
- HB 2972 (2003–04) Motor vehicle fuel tax
- HB 2972 (2001–02) Campaign contributions
- HB 2972 (1999–00) Criminal justice costs
- HB 2972 (1997–98) Security guards