HCSHB1076--TAXEXEMPTION
SPONSOR: Smith(163)
COMMITTEEACTION:Voted"DoPasswithHCS"bytheSpecial
CommitteeonTaxReformbyavoteof8to0.
ThefollowingisasummaryoftheHouseCommitteeSubstituteforHB
1076.
ForalltaxyearsbeginningonorafterJanuary1,2022,thisbill
exemptsfromataxpayer'sMissouriadjustedgrossincome100%of
anyfederalgrantmoneysreceivedbythetaxpayerforthepurpose
ofprovidingorexpandingaccesstobroadbandInternettoareasof
thestatedeemedtobelackingsuchaccess,totheextentthatsuch
grantmoneyisincludedinthetaxpayer'sfederaladjustedgross
income.
ThisbillissimilartoSB25(2023).
Thefollowingisasummaryofthepublictestimonyfromthe
committeehearing. Thetestimonywasbasedontheintroduced
versionofthebill.
PROPONENTS: Supporterssaythatthetaxingofbroadbandgrants
resultsinfarlessservicesdeliveredtolowerincomeandrural
areasofthestate.Ifindividualshadmoreaccesstobroadband
Internetservices,thestateeconomywouldgrowfaster.
TestifyinginpersonforthebillwereRepresentative Smith;
AssociationofMissouriElectricCooperatives;Brightspeed;
MissouriFarmBureau;At&T;MissouriBroadbandProviders;Mo
ChamberofCommerce;CapitalCityInsights,andMoElectricCo-ops.
OPPONENTS: Therewasnooppositionvoicedtothecommittee.
ThisbillissimilartoSB25(2023).
Writtentestimonyhasbeensubmittedforthisbill.Thefull
writtentestimonyandwitnessestestifyingonlinecanbefound
underTestimonyonthebillpageontheHousewebsite.