HB 2186-S - DIGEST |
(DIGEST OF PROPOSED 1ST SUBSTITUTE) |
Addresses the state's tax system with regard to: (1) Capital gains taxes; |
(2) Business and occupation tax rate change and deduction; |
(3) Eliminating the sales and use tax exemption for bottled water; |
(4) Repealing the preferential business and occupation tax rate for warehousing and reselling prescription drugs; |
(5) Narrowing a use tax exemption for self-produced fuel; |
(6) Eliminating the preferential business and occupation tax rate for international investment management services; |
(7) Nonresident sales tax exemption remittances; |
(8) Graduated real estate excise tax rates; |
(9) Real estate excise tax on foreclosures; |
(10) Requiring local governments that issue building permits to supply subcontractor information to the department of revenue; |
(11) Remote sellers, referrers, and marketplace facilitators; |
(12) The expansion of an individual's liability for an entity's unpaid tax obligations; |
(13) Reducing interest on tax refunds; and |
(14) Transfers to the education legacy trust account. |