BILL · 2017–18 SESSION

HB 2577: Cooperative finance orgs tax

Removing the expiration date of the business and occupation tax deduction for cooperative finance organizations.

Summary

  • Eliminates the expiration date for the business and occupation tax preference for loan repayments received by nonprofit cooperative finance organizations from rural electric cooperatives.
  • Provides a tax preference performance statement.

From the House Bill Analysis 2018 (HB 2577), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 10, 2018
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Kristine Lytton (D-40)
Introduced
January 10, 2018 in the House
Last action
January 10, 2018
Budget
Has a fiscal note

AN ACT Relating to removing the expiration date of the business and occupation tax deduction for cooperative finance organizations;

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 2577 in other sessions

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

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