BILL · 2019–20 SESSION

SB 5129: Revenue

Increasing revenues for the support of state government.

Summary

  • Imposes a 9 percent tax on the sale or exchange of long-term capital assets.
  • Increases the business and occupation tax rate on service-related activities from 1.5 percent to 2.5 percent.

From the Senate Bill Report (Orig.) (SB 5129), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 14, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Christine Rolfes (D-23)
Introduced
January 14, 2019 in the Senate
Last action
January 13, 2020
Requested by
State agency
Companion bill
HB 1343
Budget
Has a fiscal note

AN ACT Relating to increasing revenues for the support of state government;

Sponsors

Prime sponsor: Christine Rolfes (D-23)

1 co-sponsor (1 Democrat, 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 Ways & Means.
  3. Prefiled for introduction.

SB 5129 in other sessions

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

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