THE SENATE

THE THIRTY-FIRST LEGISLATURE

REGULAR SESSION OF 2021

 

COMMITTEE ON WAYS AND MEANS

Senator Donovan M. Dela Cruz, Chair

Senator Gilbert S.C. Keith-Agaran, Vice Chair

 

 

MEASURES DEFERRED TO THURSDAY, MARCH 4, 2021

 

DATE:

Thursday, March 4, 2021

TIME:

10:05 AM

PLACE:

Conference Room 211 & Videoconference

 

THE STATE CAPITOL IS CLOSED TO THE PUBLIC DURING THE ONGOING COVID-19 PANDEMIC

 

A live stream of all Senate Standing Committee meetings will be available on the Senate YouTube Channel.

 

Click here for more information about Live and On-Demand Video options.

 

 

DECISION MAKING ON THE FOLLOWING MEASURE(S):

 

SB 646, SD1

      (SSCR129)

      Status & Testimony

RELATING TO TAXATION.

Increases the amount of the rental motor vehicle surcharge tax from $5 to $8 for any county with a resident population of more than 125,000, but less than 195,000. Effective 1/1/2050.  (SD1)

 

TRS, WAM

SB 266, SD1

      (SSCR135)

      Status & Testimony

 

RELATING TO THE CORONAVIRUS 2019 PANDEMIC.

Appropriates moneys.  Effective 7/1/2050.  (SD1)

 

HTH, WAM

SB 56

      Status & Testimony

RELATING TO REVENUE GENERATION.

Increases the personal income tax rate and implements a rate recapture mechanism that phases out lower tax brackets for high earners for taxable years beginning after 12/31/2020.  Increases the tax on capital gains.  Increases the corporate income tax and establishes a single corporate income tax rate.  From 7/1/2021 through 6/30/23, temporarily repeals certain general excise tax exemptions.  Increases conveyance taxes for the sale of properties valued at $1,000,000 or greater.

 

WAM

[Added on

03-02-21]

 

 

 

 

 

No testimony will be accepted.

 

FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are underscored.  If a measure is both underscored and stricken through, that measure has been deleted from the agenda.

 

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 808-586-6800.