House Committee on Ways and Means
April 27, 2015
9:00 a.m.
Room 6

Adjourned
 
* Agenda Revised April 27, 2015, 8:37 pm *
Revision Notes: Added HCR 7, HB 383, HB 426, HB 506, HB 510, HB 628, HB 719, and HB 817 (Subject to Rule Suspension)

 



  BLUE = already considered.   RED = currently being considered.   BLACK = not yet considered.
 **Click on an instrument for additional information.  Click on an author for the author's home page.

 
 
 

CALL TO ORDER

ROLL CALL

DISCUSSION OF LEGISLATION
 HCR7HUNTERTAX/SALES & USE - Suspends the income tax deduction for net operating loss (EG INCREASE GF RV See Note)
 HB119RITCHIETAX/TOBACCO TAX - Levies an additional tax on cigarettes and dedicates the proceeds of the tax (EN +$106,400,000 SD RV See Note)
 HB218BROADWATERTAX/CORP INCOME - Provides with respect to the net operating loss deduction for purposes of the corporate income tax (EN +$29,000,000 GF RV See Note)
 HB366B.ADAMSTAX CREDITS - Changes certain refundable tax credits to nonrefundable tax credits (OR +$81,000,000 GF RV See Note)
 HB383JACKSONTAX/CORP INCOME - Removes the carryback provisions for the net operating loss deduction for purposes of the corporate income tax (EG +$29,000,000 GF RV See Note)
 HB402STOKESTAX/INCOME TAX - Adds requirements for eligibility for the income tax credit for taxes paid in other states (EN +$34,000,000 GF RV See Note)
 HB426HUNTERTAX/CORP INCOME - Provides with respect to the net operating loss deduction for purposes of the corporate income tax (EG +$3,200,000 GF RV See Note)
 HB466BARRASTAX CREDITS - Provides for the eligibility of businesses to participate in the Enterprise Zone Program (EN +$7,200,000 GF RV See Note)
 HB506JAMESTAX/CORP INCOME - Requires pro forma income tax returns relative to the potential for the use of a combined unitary reporting system as a method of income apportionment (EG NO IMPACT GF RV See Note)
 HB510JAMESTAX CREDITS - Accelerates the sunset of the solar energy systems tax credit (OR INCREASE GF RV See Note)
 HB531STOKESTAX/CORP INCOME - Requires that certain deductible items be added-back on certain corporate income tax returns (EG INCREASE GF RV See Note)
 HB628JACKSONTAX/CORP INCOME - Requires that certain deductible items be added-back on certain corporate income tax returns (EG INCREASE GF RV See Note)
 HB719JACKSONTAX CREDITS - Limits eligibility for incentives available through the enterprise zone program and establishes a dedication of savings associated therewith for deposit into the Go Grants Fund (EG +$1,000,000 GF RV See Note)
 HB775STOKESTAX/CORP INCOME - Provides for methods of determining income subject to the corporation income tax (EG INCREASE GF RV See Note)
 HB779PONTITAX CREDITS - Provides with respect to the solar energy systems tax credit (EN +$19,000,000 GF RV See Note)
 HB817BROADWATERTAX CREDITS - Provides relative to solar energy systems tax credit (EG INCREASE GF RV See Note)

OTHER BUSINESS

ANNOUNCEMENTS