Bill > SB60

Introduced Session

AN ACT RELATING TO TAXATION; AMENDING THE TAX BRACKETS PURSUANT TO THE INCOME TAX ACT AND CORPORATE INCOME AND FRANCHISE TAX ACT; REDUCING THE RATES OF THE GROSS RECEIPTS TAX, GOVERNMENTAL GROSS RECEIPTS TAX, COMPENSATING TAX, LEASED VEHICLE GROSS RECEIPTS TAX AND GAMING TAX ON MANUFACTURER LICENSEES ON THE TRANSFER OF GAMING DEVICES AND INCREASING THE RATE OF THE BINGO AND RAFFLE TAX; REMOVING AUTHORIZATION FOR THE USE OF A STATE GROSS RECEIPTS TAX INCREMENT TO FUND A METROPOLITAN REDEVELOPMENT PROJECT; REMOVING AUTHORIZATION FOR A TAX INCREMENT DEVELOPMENT DISTRICT TO DEDICATE AN INCREMENT OF THE STATE GROSS RECEIPTS TAX; REPEALING THE ESTATE TAX ACT, ART ACCEPTANCE ACT, INTERSTATE TELECOMMUNICATIONS GROSS RECEIPTS TAX ACT, RAILROAD CAR COMPANY TAX ACT, MOTOR VEHICLE EXCISE TAX ACT, ALTERNATIVE FUEL TAX ACT, COUNTY AND MUNICIPAL GASOLINE TAX ACT AND INSURANCE PREMIUM TAX ACT; REPEALING THE RURAL JOB TAX CREDIT, INVESTMENT CREDIT ACT, LABORATORY PARTNERSHIP WITH SMALL BUSINESS TAX CREDIT ACT, TECHNOLOGY JOBS AND RESEARCH AND DEVELOPMENT TAX CREDIT ACT, HIGH-WAGE JOBS TAX CREDIT, AFFORDABLE HOUSING TAX CREDIT ACT AND CERTAIN CREDITS, DEDUCTIONS AND EXEMPTIONS PURSUANT TO THE INCOME TAX ACT, CORPORATE INCOME AND FRANCHISE TAX ACT AND GROSS RECEIPTS AND COMPENSATING TAX ACT; PROVIDING SUNSET DATES FOR CERTAIN CREDITS, DEDUCTIONS AND EXEMPTIONS PURSUANT TO THE INCOME TAX ACT, CORPORATE INCOME AND FRANCHISE TAX ACT AND GROSS RECEIPTS AND COMPENSATING TAX ACT; PROVIDING A DELAYED REPEAL OF THE FILM PRODUCTION TAX CREDIT ACT; REDUCING THE CAPITAL GAINS DEDUCTION PURSUANT TO THE INCOME TAX ACT; ENACTING A GROSS RECEIPTS TAX EXEMPTION FOR DONATIONS TO NONPROFIT ORGANIZATIONS; IMPOSING ADDITIONAL REGISTRATION FEES FOR ELECTRIC AND PLUG-IN HYBRID ELECTRIC VEHICLES; REPEALING CERTAIN GROSS RECEIPTS TAX DISTRIBUTIONS TO MUNICIPALITIES; REPEALING CERTAIN SESSION LAWS THAT ARE NOT YET IN EFFECT; MAKING AN APPROPRIATION.

AI Summary

Bill Sharer (R)*, 

Senate Tax, Business and Transportation Committee (00:00:00 1/27/2026 Room 321) (on 01/27/2026)

Official Document