Committee: Ways and Means General Fund Sponsor: Butler
Analyst: JT Mathis Date: 03/14/2022
FISCAL NOTE
Senate Bill 290 as passed the Senate would 1) reduce the minimum Business Privilege Tax (BPT) due for tax year 2023 from $100 to $50, and 2) eliminate the minimum BPT due beginning with tax year 2024 and thereafter. These provisions would reduce receipts to the State General Fund by an estimated $11.5 million in Fiscal Year 2023 and $23 million in Fiscal Year 2024 and each fiscal year thereafter.
Steve Clouse, Chair Ways and Means General Fund