BILL · 2023–24 SESSION

SB 5166: Cooperative finance org. B&O

Reauthorizing the business and occupation tax deduction for cooperative finance organizations.

Summary

  • Reauthorizes the business and occupation tax deduction for loan repayments received by cooperative finance organizations from rural electric cooperatives or other utility nonprofit or governmental utility providers.

From the House Bill Report (SB 5166), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 317, Laws of 2023
  1. IntroducedJan 9, 2023
  2. Out of committeeFeb 17, 2023
  3. Passed SenateFeb 27, 2023
  4. Passed HouseApr 17, 2023
  5. GovernorMay 4, 2023
  6. LawMay 4, 2023
Prime sponsor
Matt Boehnke (R-8)
Introduced
January 9, 2023 in the Senate
Last action
May 4, 2023
Session law
Chapter 317, Laws of 2023
Companion bill
HB 1191
Budget
Has a fiscal note

AN ACT Relating to reauthorizing the business and occupation tax deduction for cooperative finance organizations;

Sponsors

Prime sponsor: Matt Boehnke (R-8)

4 co-sponsors (2 Democrats, 2 Republicans)

Votes

Senate · 3rd Reading & Final Passage

Passed February 27, 2023
Version voted on: SB 5166
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican19001
How each member voted

House · 3rd Reading & Final Passage

Passed April 17, 2023
Version voted on: SB 5166
96 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat56002
Republican40000
How each member voted

Yea (96)

Excused (2)

History

  1. Effective date 7/1/2023.
  2. Chapter 317, 2023 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 96; nays, 0; absent, 0; excused, 2.
  8. Rules suspended. Placed on Third Reading.
  9. Rules Committee relieved of further consideration. Placed on second reading.
  10. Referred to Rules 2 Review.
  11. FIN - Executive action taken by committee.
  12. FIN - Majority; do pass.
  13. First reading, referred to Finance.
  14. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. Passed to Rules Committee for second reading.
  18. Minority; do not pass.
  19. WM - Majority; do pass.
  20. Referred to Ways & Means.
  21. And refer to Ways & Means.
  22. ENET - Majority; do pass.
  23. First reading, referred to Environment, Energy & Technology.
  24. Prefiled for introduction.

SB 5166 in other sessions

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

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