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. |