Bills › 91st General Assembly

SF 2470Died when the session ended · March 31, 2026

Relating to event-driven contracts traded on dedicated contract markets by requiring a permit to conduct business in the state, imposing a tax on adjusted revenues or amounts traded, making adjustments to individual and corporate income taxes, providing for fees, and including contingent effective date, applicability, and retroactive applicability provisions

Sponsored by the Senate Ways and Means Committee, Sen. Mike Klimesh (R)

Topics:Alcohol, cannabis & gamingBusiness & economyTaxes

Same legislation: SF 2085

Where it is now

  1. Done: IntroducedJanuary 21, 2026
  2. Done: SubcommitteeJanuary 22, 2026
  3. Done: Senate committeeMarch 12, 2026
  4. Done: Passes the SenateMarch 31, 202645–1
  5. Stopped: House committeeDied when the General Assembly ended
  6. Next: Passes the House
  7. Next: To the Governor
  8. Next: Signed into law

Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

Amendments · 2

1 adopted · 0 failed. Newest first.

  • S-5146 · filed March 31, 2026 by Sen. Herman C. Quirmbach (D)
    AI summary This amendment adds a rule that prohibits public employees, public officials, lobbyists, and their immediate family members from trading event-driven contracts related to state or local government or legislative actions. It also updates the bill's title to reflect this new prohibition. Its wording →
    Withdrawn
    March 31, 2026
  • S-5142 · filed March 31, 2026 by Sen. Dan Dawson (R)
    AI summary This amendment changes the term "prediction" to "designated contract" and increases a specific number from ten to twenty. It adds a new section that imposes a 20 percent excise tax on the amount spent to buy an event-driven contract and provides detailed definitions for terms like "trader" and "economic indicators." It also clarifies that these rules do not apply to horse or dog racing, fantasy sports, or certain other types of wagering. Its wording →
    Adopted
    March 31, 2026