HB 2633

Exempts, from commercial activity subject to corporate activity tax, contractor receipts from repair or rebuilding of structure destroyed or damaged by wildfire.

Status	In House Committee (HREV)
Sponsors	Christine Drazan (Republican) (Chief), Shelly Boshart Davis (Republican), Rep Nearman, E. Werner Reschke (Republican), Jack Zika (Republican), Bobby Levy (Republican)
Fiscal impact	May have fiscal impact, but no statement yet issued
Revenue impact	May have revenue impact, but no statement yet issued

Bill Text

Introduced

Exempts contractor receipts from repair or rebuilding of structures destroyed or damaged by the 2020 wildfire from corporate activity tax.

Original Bill Text

Sponsors#

Chief Sponsors: Christine Drazan

Co-Sponsors: Shelly Boshart Davis, Unknown Legislator, E. Werner Reschke, Jack Zika, Bobby Levy

Overview#

Exempts, from commercial activity subject to corporate activity tax, contractor receipts from repair or rebuilding of structure destroyed or damaged by wildfire. Applies to repair or rebuilding of structures destroyed or damaged by wildfire in calendar year 2020, and to tax years beginning on or after January 1, 2020, and before January 1, 2022. Takes effect on 91st day following adjournment sine die.

Legislative History

Date	Chamber	Action
2021-01-11	H	First reading. Referred to Speaker's desk.
2021-01-19	H	Referred to Revenue.
2021-06-26	H	In committee upon adjournment.