BILL · 2021–22 SESSION

SB 5769: State tax system

Reforming the state tax system by providing tax relief to residents, employees, and employers.

Summary

  • Provides a $250,000 property tax homestead exemption for the state property tax.
  • Reduces the business and occupation tax rate on manufacturing activities to 0.00 percent.
  • Repeals the capital gains tax.
  • Repeals the long-term services and supports trust program.

From the Senate Bill Report (Orig.) (SB 5769), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 11, 2022
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Lynda Wilson (R-17)
Introduced
January 11, 2022 in the Senate
Last action
January 11, 2022
Budget
Has a fiscal note

AN ACT Relating to reforming the state tax system by providing tax relief to residents, employees, and employers;

Sponsors

Votes

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

History

  1. First reading, referred to Business, Financial Services & Trade.

SB 5769 in other sessions

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

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