Relating to the pass-through business alternative income tax; prescribing an effective date.
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What it does
Official summary
Extends the sunsets for the pass-through business alternative income tax and the related personal income tax credit. Provides that an overpayment of tax may be applied to a subsequent tax year payment. Applies to overpayments made before January 1, 2027.
More detail
Takes effect on the 91st day following adjournment sine die.
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More on this bill
Where it stands
Introduced
Passed Senate
3Passed House
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Jun 28At Desk upon adjournment.Latest
Jun 26Rules suspended. Carried over to June 27, 2025 Calendar.
Jun 25Rules suspended. Carried over to June 26, 2025 Calendar.
Jun 24Rules suspended. Carried over to June 25, 2025 Calendar.
Jun 23Second reading.Minor
Jun 20Recommendation: Do pass with amendments and be printed B-Engrossed.Minor
Vote recorded Heard and Reported Out with Amendments. Result: pass.Lower
Jun 20Public Hearing and Work Session held.
Jun 17Referred to Revenue.Minor
Vote recorded Third reading. Carried by Meek. Passed. Result: pass.Upper
Jun 17First reading. Referred to Speaker's desk.Minor
Jun 17Third reading. Carried by Meek. Passed.Passed Senate
Jun 16Second reading.Minor
Jun 13Subsequent referral rescinded by order of the President.
Jun 13Recommendation: Do pass with amendments and subsequent referral to Tax Expenditures be rescinded. (Printed A-Eng.)Minor
Jun 9Work Session held.
Vote recorded Heard and Reported Out with Amendments. Result: pass.Upper
Apr 28Informational Meeting held.
Mar 5Public Hearing held.
Jan 17Referred to Finance and Revenue, then Tax Expenditures.Minor
Jan 13Introduction and first reading. Referred to President's desk.Introduced