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
HCR7
HUNTER
TAX/SALES & USE
- Suspends the income tax deduction for net operating loss (EG INCREASE GF RV See Note)
HB119
RITCHIE
TAX/TOBACCO TAX
- Levies an additional tax on cigarettes and dedicates the proceeds of the tax (EN +$106,400,000 SD RV See Note)
HB218
BROADWATER
TAX/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)
HB366
B.ADAMS
TAX CREDITS
- Changes certain refundable tax credits to nonrefundable tax credits (OR +$81,000,000 GF RV See Note)
HB383
JACKSON
TAX/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)
HB402
STOKES
TAX/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)
HB426
HUNTER
TAX/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)
HB466
BARRAS
TAX CREDITS
- Provides for the eligibility of businesses to participate in the Enterprise Zone Program (EN +$7,200,000 GF RV See Note)
HB506
JAMES
TAX/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)
HB510
JAMES
TAX CREDITS
- Accelerates the sunset of the solar energy systems tax credit (OR INCREASE GF RV See Note)
HB531
STOKES
TAX/CORP INCOME
- Requires that certain deductible items be added-back on certain corporate income tax returns (EG INCREASE GF RV See Note)
HB628
JACKSON
TAX/CORP INCOME
- Requires that certain deductible items be added-back on certain corporate income tax returns (EG INCREASE GF RV See Note)
HB719
JACKSON
TAX 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)
HB775
STOKES
TAX/CORP INCOME
- Provides for methods of determining income subject to the corporation income tax (EG INCREASE GF RV See Note)
HB779
PONTI
TAX CREDITS
- Provides with respect to the solar energy systems tax credit (EN +$19,000,000 GF RV See Note)
HB817
BROADWATER
TAX CREDITS
- Provides relative to solar energy systems tax credit (EG INCREASE GF RV See Note)
OTHER BUSINESS
ANNOUNCEMENTS