March 1st – 2013 Regular Legislative Session 47

After a long nine hour day in the Appropriation Committee yesterday, we’re starting up again this morning with 2 bills up for hearing. House Bill 1558 repeals the expiration date for the honey beekeeper tax exemptions and provides eligible honey beekeepers with a sales or use tax exemption for purchases of honeybee food.

Substitute House Bill 1693 allows certain new businesses, in computing business and occupation tax due, a deduction of $1 million from the measure of gross revenue for the first 36 months of operations; establishes a statewide cap of $2 million per fiscal year; includes an expiration date of December 31, 2018; requires taxpayers using the deduction to file the annual survey with the Department of Revenue; establishes goals and performance benchmarks for use by the Joint Legislative Audit and Review Commission in reviewing the effectiveness of the tax preference.

We’ll also be considering 20 bills for Executive Action. It will be another long day.

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