BILL · 2021–22 SESSION
SB 5445: Public funds interest/B&O
Creating a business and occupation tax deduction for interest earned on public funds.
Summary
- Creates a business and occupation tax deduction for financial institutions that qualify as public depositories on investment and interest income derived from the public funds held in deposit.
From the Senate Bill Report (SB 5445), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedFeb 10, 2021
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Jeff Holy (R-6)
- Introduced
- February 10, 2021 in the Senate
- Last action
- January 10, 2022
- Budget
- Has a fiscal note
AN ACT Relating to creating a business and occupation tax deduction for interest earned on public funds;
Sponsors
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 Business, Financial Services & Trade.
SB 5445 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5445 (2025–26) Distributed energy resources
- SB 5445 (2023–24) Prescription cost-sharing
- SB 5445 (2019–20) Special event liquor sales
- SB 5445 (2017–18) Eminent domain/economic dev.
- SB 5445 (2015–16) Alt. fuel vehicle tax exem
- SB 5445 (2013–14) Pub. school capital projects
- SB 5445 (2011–12) Health benefit exchange
- SB 5445 (2009–10) Local govt facilities