Revision: April 1, 2021, 12:01 p.m.
Rep. Hatch, Coos 6
Rep. Leishman, Hills. 24
Rep. Walz, Merr. 23
Rep. Buco, Carr. 2
April 1, 2021
2021-1095h
06/05
Floor Amendment to HB 2-FN-A-LOCAL
Amend the bill by deleting section 101, reducing the business profits tax rate, and replacing section 101-a with the following:
101 Effective Date. Sections 100 of this act shall take effect upon its passage.
Amend the bill by deleting sections 80 - 93, relative to the interest and dividends tax.
Amend the bill by inserting after section 372 the following new sections:
373 Revenue Estimates Increased; General; Education Trust Fund; Business Profits Tax. The estimate of unrestricted revenue contained in HB 1-A of the 2021 regular legislative session for general and education trust fund, business profits tax, shall be increased by $1,300,000 for the fiscal year ending June 30, 2022, and by $3,600,000 for the fiscal year ending June 30, 2023. Said increases shall be allocated proportionally between the general fund and education trust fund.
374 Revenue Estimates Increased; General Fund; Interest and Dividends Tax. The estimate of unrestricted revenue for general fund, interest and dividends tax, in HB 1-A of the 2021 regular legislative session is hereby increased by $6,300,000 for the fiscal year ending June 30, 2023.
2021-1095h
AMENDED ANALYSIS
Delete: 40. Reduces the tax rate of, and in 2027 eliminates, the interest and dividends tax.
Replace: 42. Increases the filing threshold for the business enterprise tax and reduces the rate of the tax.
Insert: 97. Adjusts revenue estimates.