HB 2164

Establishes refundable credit against personal income taxes for contributions to higher education savings network account or ABLE account.

Status	Chapter Number Assigned
Session	2019 Regular Session
Requested by	(at the request of House Interim Committee on Revenue)
Fiscal impact	Has minimal fiscal impact
Revenue impact	Revenue impact issued

Bill Text

Establishes various tax credits and exemptions, including an exclusion for single-family residential construction labor costs paid by contractors to subcontractors.

Original Bill Text

Overview#

Directs Legislative Revenue Officer to report to Legislative Assembly on options for tax reform including recommendations for legislation intended to reform current tax system.] Establishes refundable credit against personal income taxes for contributions to higher education savings network account or ABLE account. Applies to tax years beginning on or after January 1, 2020, and before January 1, 2026. Eliminates subtraction for contribution to ABLE account or higher education savings network account. Applies to tax years beginning on or after January 1, 2020. Establishes tax credit for short line railroad rehabilitation projects. Applies to tax years beginning on or after January 1, 2020, and before January 1, 2026. Extends sunsets for certain income and excise tax credits and property tax exemptions, and for historic property special assessment program. Makes modifications to provisions governing certain tax credits and property tax exemptions. Creates sunset for tax exemption for vehicle used in emissions testing. Makes modifications to corporate activity tax provisions. Applies to tax years beginning on or after January 1, 2020. Establishes exclusion from taxable commercial activity for certain payments for single-family residential construction labor costs paid by general contractor to subcontractor. Applies to tax years beginning on or after January 1, 2020, and before January 1, 2026. Takes effect on 91st day following adjournment sine die.

Legislative History

Date	Chamber	Action
2019-01-14	H	First reading. Referred to Speaker's desk.
2019-01-15	H	Referred to Revenue.
2019-05-30	H	Work Session held.
2019-05-31	H	Recommendation: Do pass and be referred to Tax Expenditures.
2019-05-31	H	Referred to Tax Expenditures by order of Speaker.
2019-06-11	H	Public Hearing held.
2019-06-14	H	Public Hearing and Work Session cancelled.
2019-06-18	H	Work Session held.
2019-06-19	H	Recommendation: Do pass with amendments and be printed A-Engrossed.
2019-06-20	H	Second reading.
2019-06-24	H	Third reading. Carried by Nathanson. Passed.
2019-06-29	S	First reading. Referred to President's desk.
2019-06-29	S	Referred to Tax Expenditures.
2019-06-29	S	Recommendation: Do pass the A-Eng. bill.
2019-06-30	S	Second reading.
2019-06-30	S	Rules suspended. Third reading. Carried by Hass. Passed.
2019-06-30	S	Hass declared potential conflict of interest.
2019-06-30	S	Vote explanations filed by Boquist, Knopp.
2019-06-30	S	Gelser, absent, granted unanimous consent to vote aye.
2019-07-02	H	Speaker signed.
2019-07-03	S	President signed.
2019-07-23	H	Governor signed.
2019-08-01	H	Chapter 579, (2019 Laws): Effective date September 29, 2019.