BILL · 2013–14 SESSION

HB 2264: B&O tax relief

Providing business and occupation tax relief by allowing businesses to deduct cost of goods sold, compensation, or a portion of gross income.

Summary

  • Provides tax relief on business and occupation taxes by allowing a person to deduct the greater of: (1) Thirty percent of gross income; (2) Cost of goods sold; or (3) Compensation.

From the Bill Digest (HB 2264), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 15, 2014
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Drew MacEwen (R-35)
Introduced
January 15, 2014 in the House
Last action
January 15, 2014

AN ACT Relating to providing business and occupation tax relief by allowing businesses to deduct cost of goods sold, compensation, or a portion of gross income;

Sponsors

Votes

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

History

  1. First reading, referred to Finance (Not Officially read and referred until adoption of Introduction report).

HB 2264 in other sessions

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

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