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Glossary of Legislative Terms

SB 138: Tax-exempt Income

GENERAL BILL by Hukill

Tax-exempt Income; Increasing the amount of income that is exempt from the corporate income tax; increasing the amount of income that is exempt from the franchise tax imposed on banks and savings associations, etc.

Effective Date: 1/1/2016
 Last Action: 5/1/2015 Senate - Died in Appropriations
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Finance and Tax (FT)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
11/21/2014 Senate • Filed
12/12/2014 Senate • Referred to Banking and Insurance; Finance and Tax; Appropriations -SJ 41
1/13/2015 Senate • On Committee agenda-- Banking and Insurance, 01/21/15, 3:30 pm, 110 Senate Office Building
1/21/2015 Senate • Favorable by Banking and Insurance; YEAS 10 NAYS 1 -SJ 158
• Now in Finance and Tax -SJ 158
1/26/2015 Senate • On Committee agenda-- Finance and Tax, 02/02/15, 4:00 pm, 401 Senate Office Building
2/2/2015 Senate • Favorable by Finance and Tax; YEAS 6 NAYS 0 -SJ 157
2/3/2015 Senate • Now in Appropriations -SJ 157
3/3/2015 Senate • Introduced -SJ 41
5/1/2015 Senate • Died in Appropriations