Fast Track for Tax Changes

HB 1050 - Omnibus Tax Changes, which we've written about already this week, was referred to the Senate Finance Committee. The talk around Jones Street is the bill may be considered as early as next week on its own or as a section in the Senate version of the budget. We expect the Senate to make a few changes: definitely adding back in the section on apportionment the House Finance Committee amended out, and maybe even undoing Representative Fulghum's amendment on e-cigarettes and the taxing of vapor. More to come....
 

 

Topics:  Apportionment, E-Cigarettes, Omnibus Tax, Sales & Use Tax, Senate Finance Committee

Published In: Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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