Did not become law. It stopped in the Senate's Finance and Revenue Committee on March 7, 2024. The 2024 session has ended.
2024 Regular Session
Senate Bill 1542
Increases the exempt amount and filing threshold for purposes of the corporate activity tax.
What it does
The synopsis the Legislative Assembly published with the bill.
Digest: Raises exemption and filing thresholds for CAT tax. Exempts health care reimbursements. Starts with tax year 2025. Becomes law 91 days from sine die. (Flesch Readability Score: 63.2). Increases the exempt amount and filing threshold for purposes of the corporate activity tax. Exempts reimbursements for certain health care services, including care provided to medical assistance recipients and to Medicare recipients. Applies to tax years beginning on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Chief co-sponsor
8 co-sponsors
Dick Anderson, Daniel Bonham, Brian Boquist, Bill Hansell, Cedric Hayden, Tim Knopp, Dennis Linthicum, Suzanne Weber
In the House of Representatives
Sponsor
2 co-sponsors
Its course
February 5 to March 7, 2024, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action4 actions on 3 days
In the SenateFeb 5 to Mar 7 · stopped31 days
Waiting for a committeeFeb 5 to Feb 50 days
Finance and RevenueFeb 5 to Mar 7 · stopped31 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the Senate Feb 5 – Mar 7
- Feb 5Introduced
- Sent to Finance and Revenue
- Feb 12Heard in Finance and Revenue
- Mar 7Died when the session ended
All 4 actions, as published
- Feb 5Introduction and first reading. Referred to President's desk.Senate
- Feb 5Referred to Finance and Revenue, then Ways and Means.Senate
- Feb 12Public Hearing held.Senate
- Mar 7In committee upon adjournment.Senate