Did not become law. It stopped in the House of Representatives on June 27, 2025. The 2025 session has ended.
2025 Regular Session
Senate Bill 111
Extends the sunsets for the pass-through business alternative income tax and the related personal income tax credit.
What it does
The synopsis the Legislative Assembly published with the bill.
<b>Digest: The Act extends the sunset for the BAIT and allows tax overpayments to be applied to subsequent tax year. (Flesch Readability Score: 61.6).</b> [<i>Digest: The Act extends the sunset for the BAIT and the related tax credit and modifies provisions of the tax and credit. (Flesch Readability Score: 60.6).</i>] Extends the sunsets for the pass-through business alternative income tax and the related personal income tax credit. [<i>Allows trusts to be members of participating pass-through entities. Allows members of participating entities to opt out of the election to participate.</i>] Provides that an overpayment of tax may be applied to a subsequent tax year payment. Applies to [<i>tax years beginning on or after January 1, 2022, and before January 1, 2028</i>]<b> overpayments made before January 1, 2027</b>. Takes effect on the 91st day following adjournment sine die.
Its course
January 13 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 action18 actions on 14 days
In the SenateJan 13 to Jun 17155 days
Waiting for a committeeJan 13 to Jan 174 days
Finance and RevenueJan 17 to Jun 13147 days
In the House of RepresentativesJun 17 to Jun 27 · stopped10 days
Waiting for a committeeJun 17 to Jun 170 days
RevenueJun 17 to Jun 203 days
Votes
Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.
Senate, third reading30–0
Passed · Jun 17
Amendments
Each amendment offered, and what became of it.
Senate committee amendmentAdopted
Adopted Jun 13
House of Representatives committee amendmentAdopted
Adopted Jun 20
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 Jan 13 – Jun 17
- Jan 13Introduced
- Jan 17Sent to Finance and Revenue
- Mar 5Heard in Finance and Revenue
- Apr 28Heard in Finance and Revenue
- Jun 9Heard in Finance and Revenue
- Jun 13Finance and Revenue recommended it as amended
- Jun 16Read a second time
- Jun 17Passed the Senate, 30 to 0
In the House of Representatives Jun 17 – Jun 27
- Jun 17Arrived in the House of Representatives
- Sent to Revenue
- Jun 20Heard in Revenue
- Revenue recommended it as amended
- Jun 23Read a second time
- Jun 27Died when the session ended
All 18 actions, as published
- Jan 13Introduction and first reading. Referred to President's desk.Senate
- Jan 17Referred to Finance and Revenue, then Tax Expenditures.Senate
- Mar 5Public Hearing held.Senate
- Apr 28Informational Meeting held.Senate
- Jun 9Work Session held.Senate
- Jun 13Recommendation: Do pass with amendments and subsequent referral to Tax Expenditures be rescinded. (Printed A-Eng.)Senate
- Jun 13Subsequent referral rescinded by order of the President.Senate
- Jun 16Second reading.Senate
- Jun 17Third reading. Carried by Meek. Passed.Senate
- Jun 17First reading. Referred to Speaker's desk.House of Representatives
- Jun 17Referred to Revenue.House of Representatives
- Jun 20Public Hearing and Work Session held.House of Representatives
- Jun 20Recommendation: Do pass with amendments and be printed B-Engrossed.House of Representatives
- Jun 23Second reading.House of Representatives
- Jun 24Rules suspended. Carried over to June 25, 2025 Calendar.House of Representatives
- Jun 25Rules suspended. Carried over to June 26, 2025 Calendar.House of Representatives
- Jun 26Rules suspended. Carried over to June 27, 2025 Calendar.House of Representatives
- Jun 27At Desk upon adjournment.House of Representatives