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. |