RELATING TO GENERAL EXCISE TAX.

HB 2134 exempts small business tenants from paying the general excise tax on income from leasing commercial property. This directly affects small businesses that rent physical space for operations, such as retail stores or offices. The bill removes the tax obligation on the gross income generated from these real property leases. It requires related adjustments to tax code language to implement the exemption. The bill is currently pending introduction as of January 23, 2026.