Bills › 90th General Assembly

SF 2442Signed by Governor · May 1, 2024

Relating to state and local finances by modifying individual and alternate income tax rates, withholding credits, franchise tax deductions, methodologies for determining property taxes, and property tax assessment limitations, changing methods of determining compensation of county officials, making contingent transfers from the taxpayer relief fund, and making corrections, and including effective date and applicability provisions

Sponsored by the Senate Ways and Means (companion To Hf 2705 By Committee on Ways and Means) Committee

Topics:Business & economyCities & countiesTaxesIncome taxesProperty taxes

Same legislation: SSB 3207, HF 2705, HSB 752

Where it is now

  1. Done: IntroducedApril 17, 2024
  2. Done: SubcommitteeApril 17, 2024
  3. Done: Senate committeeApril 18, 2024
  4. Done: Passes the SenateApril 19, 202439–7
  5. Skipped: House committeeSkipped
  6. Done: Passes the HouseApril 19, 202468–24
  7. Done: To the GovernorApril 29, 2024
  8. Done: Signed into lawMay 1, 2024

Signed into law What’s a funnel?

What changed before it passed The bill as introduced compared with the version both chambers passed.

Amendments · 2

0 adopted · 0 failed. Newest first.

  • H-8390 · filed April 19, 2024 by
    AI summary This amendment replaces the original bill and changes the focus to the state sales and use tax. It sets the sales tax rate at five percent from 2025 through 2050 and reduces it to four percent starting in 2051. It also changes the amount of certain revenues transferred to the advanced vision for education fund from one-sixth to one-fifth. Its wording →
    Ruled not germane
    April 19, 2024
  • H-8381 · filed April 19, 2024 by
    AI summary This amendment replaces the entire bill and changes the focus from income tax to the state sales and use tax. It sets the sales tax rate at five percent from 2025 through 2050 and reduces it to four percent starting in 2051. It also changes the amount of certain revenues transferred to the advanced vision for education fund from one-sixth to one-fifth. Its wording →
    Withdrawn
    April 19, 2024