Bills › 88th General Assembly
Creating a Hoover presidential library tax credit available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credit tax
Where it is now
- Done: IntroducedJanuary 28, 2020
- Done: SubcommitteeJanuary 29, 2020
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on June 14, 2020. Bills that didn’t pass both chambers died. What’s a funnel?
House subcommittee
Named January 29, 2020. It hasn’t reported yet.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Fiscal note
Cost: up to $100,000 Compare with other bills
The new Hoover Presidential Library Tax Credit is projected to reduce net General Fund revenue by the amounts in the following table. 1 The new tax credit is also projected to reduce the amount of revenue raised by any local option income surtax. The reduction over six fiscal years is estimated to be $100,000.
- Hoover Presidential Library Tax Credit · February 12, 2020
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note