20-HB1939/SB1884 – Hicks/Watson

Bill Description

Expands the current exemption from sales and use tax for tangible personal property held by a sole proprietorship that incorporates as a corporation, to the tangible personal property of a sole proprietorship that organizes as a limited liability company. -

TLRC Position

We support but are not scoring; we credit the sponsors under leadership.

TLRC Observed Process

No action in either chamber but we would like to see it come back next session.

Vote Result: Failed

Score: +5

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