Did not become law. It stopped in the Senate's Finance and Revenue Committee on June 27, 2025. The 2025 session has ended.
2025 Regular Session
Senate Bill 1084
Imposes excise tax on net investment income of public universities.
What it does
The synopsis the Legislative Assembly published with the bill.
Digest: The Act makes a new tax on returns from investments of state universities. (Flesch Readability Score: 63.4). Imposes excise tax on net investment income of public universities. Directs revenues to Fund for Student Success. Applies to tax years beginning on or after January 1, 2026. Takes effect on 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
Its course
February 25 to June 27, 2025, 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 action3 actions on 2 days
In the SenateFeb 25 to Jun 27 · stopped122 days
Waiting for a committeeFeb 25 to Feb 250 days
Finance and RevenueFeb 25 to Jun 27 · stopped122 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 25 – Jun 27
- Feb 25Introduced
- Sent to Finance and Revenue
- Jun 27Died when the session ended
All 3 actions, as published
- Feb 25Introduction and first reading. Referred to President's desk.Senate
- Feb 25Referred to Finance and Revenue.Senate
- Jun 27In committee upon adjournment.Senate