BILL · 2017–18 SESSION

SB 5148: Cooperative finance orgs tax

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

Summary

  • Removes the expiration date for the Business and Occupation (B&O) deduction provided to nonprofit cooperative organizations.
  • Exempts the B&O deduction from the automatic ten-year expiration for tax preferences, as well as a tax preference review by the Joint Legislative audit and Review Committee (JLARC).

From the Senate Bill Report (Orig.) (SB 5148), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 13, 2017
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (R-6)
Introduced
January 13, 2017 in the Senate
Last action
January 8, 2018
Companion bill
HB 1231
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. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, reintroduced and retained in present status.
  5. First reading, referred to Ways & Means.

SB 5148 in other sessions

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

Report wrong or missing information on this page