BILL · 2021–22 SESSION · LATEST VERSION ESB 5901

SB 5901: Economic dev. tax incentives

Concerning economic development tax incentives for targeted counties.

Summary

  • Creates a manufacturing and research and development sales and use tax incentive program for targeted counties.
  • Expands the warehouse sales and use tax exemption to include warehouses over 100,000 square feet in targeted counties.
  • Caps the maximum amount of sales and use tax that may be exempted for the construction or expansion of any warehouse or grain elevator at $400,000 .
  • Expires the warehouse sales and use tax exemption on July 1, 2032.
  • Requires the Joint Legislative Audit and Review Committee to evaluate the effectiveness of the changes in the warehouse sales and use tax exemption in diversifying the tax base and increasing employment within targeted counties.

From the Engrossed Senate Bill Report (ESB 5901), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted (partial veto) Enacted with partial veto · Chapter 257, Laws of 2022
  1. IntroducedJan 19, 2022
  2. Out of committeeFeb 28, 2022
  3. Passed SenateMar 4, 2022
  4. Passed HouseMar 9, 2022
  5. Partly vetoedMar 31, 2022
  6. LawMar 31, 2022
Prime sponsor
Emily Randall (D-26)
Introduced
January 19, 2022 in the Senate
Last action
March 31, 2022
Session law
Chapter 257, Laws of 2022
Budget
Has a fiscal note

AN ACT Relating to economic development tax incentives for targeted counties;

Sponsors

Prime sponsor: Emily Randall (D-26)

5 co-sponsors (4 Democrats, 1 Republican)

Votes

Senate · 3rd Reading & Final Passage

Passed March 4, 2022
Version voted on: ESB 5901
46 Yea 0 Nay 0 Absent 3 Excused
PartyYeaNayAbsentExcused
Democrat26003
Republican20000
How each member voted

House · Final Passage as Amended by the House

Passed March 9, 2022
Version voted on: ESB 5901
69 Yea 28 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat57000
Republican122801
How each member voted

Yea (69)

Excused (1)

Senate · Final Passage as Amended by the House

Passed March 10, 2022
Version voted on: ESB 5901
36 Yea 12 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican81200
How each member voted

History

  1. Effective date 7/1/2022. (ESB 5901)
  2. Chapter 257, 2022 Laws PV. (ESB 5901)
  3. Governor partially vetoed. (ESB 5901)
  4. Delivered to Governor. (ESB 5901)
  5. Speaker signed. (ESB 5901)
  6. President signed. (ESB 5901)
  7. Passed final passage; yeas, 36; nays, 12; absent, 0; excused, 1. (ESB 5901)
  8. Senate concurred in House amendments. (ESB 5901)
  9. Third reading, passed; yeas, 69; nays, 28; absent, 0; excused, 1. (ESB 5901)
  10. Rules suspended. Placed on Third Reading. (ESB 5901)
  11. Committee amendment(s) adopted with no other amendments. (ESB 5901)
  12. Rules Committee relieved of further consideration. Placed on second reading. (ESB 5901)
  13. Rules Committee relieved of further consideration. Placed on second reading. (ESB 5901)
  14. FIN - Executive action taken by committee. (ESB 5901)
  15. Minority; without recommendation. (ESB 5901)
  16. Minority; do not pass. (ESB 5901)
  17. FIN - Majority; do pass with amendment(s). (ESB 5901)
  18. Referred to Rules 2 Review. (ESB 5901)
  19. Third reading, passed; yeas, 46; nays, 0; absent, 0; excused, 3. (ESB 5901)
  20. Rules suspended. Placed on Third Reading. (ESB 5901)
  21. Floor amendment(s) adopted. (ESB 5901)
  22. First reading, referred to Finance. (ESB 5901)
  23. Placed on second reading by Rules Committee. (ESB 5901)
  24. Passed to Rules Committee for second reading. (ESB 5901)
  25. WM - Majority; do pass. (ESB 5901)
  26. Referred to Ways & Means. (ESB 5901)
  27. And refer to Ways & Means. (ESB 5901)
  28. Minority; without recommendation. (ESB 5901)
  29. BFST - Majority; do pass. (ESB 5901)
  30. First reading, referred to Business, Financial Services & Trade. (ESB 5901)

SB 5901 in other sessions

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

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