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SB296: Eliminating certain tax credits, exemptions, incentives, refunds and limitations, a transitional adjustment, a checkoff and a restoration program administered by the secretary that have expired or are no longer applicable.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill aims to eliminate outdated or expired tax credits, exemptions, and incentives that are no longer applicable. It also removes a transitional adjustment, checkoff, and restoration program.
Who This Affects
The bill will likely affect businesses and individuals who have taken advantage of these expired tax benefits in the past. This could impact entrepreneurs, small business owners, and taxpayers who rely on these incentives to operate or invest in their ventures.
Key Provisions
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Timeline
Introduced
Tuesday, March 11, 2025
Last Action
Senate Hearing: Friday, March 13, 2026, 9:30 AM Room 548-S
Mar 12, 2026
Sponsors
No sponsors listed.
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