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TAX BILL PACKAGE – FINANCE MARATHON

I thought the 7-hour meeting of the Senate Finance Committee on January 26 to pass the PERA bill (SB 1) was long! But on February 3-4, we went through a marathon of 20 hours, staying in committee until 12:30 a.m., to consider a “package” of bills – HB 1189, 1190, 1191, 1192, 1193, 1194, 1195, 1196, 1197, 1199 & 1200 – to eliminate or suspend corporate tax credits and exemptions in order to generate about $145 million in revenue. The tax being restored by these bills is the state sales tax of 2.9%.

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