Relating to exemption of essential goods under corporate activity tax; prescribing an effective date.
Summary
Exempts receipts from sales of prescription drugs, feminine hygiene products, diapers and baby formula from commercial activity subject to corporate activity tax. Applies to tax years beginning on or after January 1, 2023. Takes effect on 91st day following adjournment sine die.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2022
Committee Review
Floor Vote
Governor
Introduced Feb 1, 2022
Last action Mar 4, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
1
Committee
2
Mar 4, 2022
Upper · Passed
In committee upon adjournment.
upper
Feb 1, 2022
Committee
Referred to Finance and Revenue.
upper
Feb 1, 2022
Introduced
Introduction and first reading. Referred to President's desk.
upper
2 primary · 0 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 1507
Scope: OR
Hi! I can help you understand SB 1507. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline