SB 6873 - DIGEST

Addresses state revenue related to: (1) Minimum nexus standards;

(2) Abusive tax transactions;

(3) Modifying and placing a cap on the first mortgage deduction;

(4) Modifying the nonresident sales tax exemption;

(5) Direct seller business and occupation tax exemption;

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

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

(8) Airplane excise tax;

(9) Foreclosure exemptions;

(10) Corporate officer liability;

(11) Rural county tax incentives;

(12) Equalizing urban and motor transportation public utility tax rates;

(13) Modifying the sales tax exemption for certain fertilizers, sprays, and washes;

(14) Deductions, fees, dues, and charges;

(15) Limiting the bad debt deduction;

(16) Brokered natural gas;

(17) Limiting community solar incentives;

(18) Livestock nutrients;

(19) Bullion;

(20) Public utility tax clarification;

(21) Eliminating the trade-in allowance;

(22) Sales and use tax exemptions for machinery and equipment used in renewable energy generation;

(23) Property management salaries;

(24) Eliminating the preferential business and occupation tax rate for prescription drug resellers; and

(25) Repealing the business and occupation tax credit for new employment for international service activities and the sales tax exemption for coal used at coal-fired thermal electric generation facilities.