SB 6143-S.E2 - DIGEST
(DIGEST AS ENACTED)

Addresses state excise tax laws related to: (1) Minimum nexus standards;

(2) Tax avoidance transactions;

(3) Modifying the first mortgage deduction;

(4) Direct seller business and occupation tax exemption;

(5) Business and occupation tax preferences for manufacturers of products derived from certain agricultural products;

(6) Suspending the sales and use tax exemption for livestock nutrient equipment and facilities;

(7) Ending the preferential business and occupation tax treatment received by directors of corporations;

(8) Tax debts;

(9) Public utility district privilege tax clarification;

(10) Temporarily increasing the business and occupation tax on service businesses while increasing the small business credit for the same businesses;

(11) Property management salaries;

(12) Temporarily increasing beer taxes;

(13) Temporarily imposing taxes on carbonated beverages;

(14) Limiting the bad debt deduction;

(15) Data centers; and

(16) Repealing the sales and use tax exemptions for bottled water and candy.