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 781
Provides that if a credit union acquires assets of a banking institution, receipts from the business portfolio acquired from the bank remain subject to the corporate excise tax and corporate activity tax.
What it does
The synopsis the Legislative Assembly published with the bill.
Digest: The Act says that if a credit union buys a bank, certain receipts remain subject to certain taxes. (Flesch Readability Score: 61.6). Provides that if a credit union acquires assets of a banking institution, receipts from the business portfolio acquired from the bank remain subject to the corporate excise tax and corporate activity tax.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
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 action4 actions on 4 days
In the SenateJan 13 to Jun 27 · stopped165 days
Waiting for a committeeJan 13 to Jan 174 days
Finance and RevenueJan 17 to Jun 27 · stopped161 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 Jan 13 – Jun 27
- Jan 13Introduced
- Jan 17Sent to Finance and Revenue
- Apr 28Heard in Finance and Revenue
- Jun 27Died when the session ended
All 4 actions, as published
- Jan 13Introduction and first reading. Referred to President's desk.Senate
- Jan 17Referred to Finance and Revenue.Senate
- Apr 28Public Hearing held.Senate
- Jun 27In committee upon adjournment.Senate