Modification of Certain Tax Expenditures

What it does: The act adjusts several state tax expenditures as follows: Requires the state treasurer to transfer $45.6 million from the general fund to the state highway fund on July 1, 2026, and $96.4 million on each July 1 from July 1, 2027, through July 1, 2031; Prohibits certain local use tax ordinances, resolutions, or proposals from applying to construction and building materials used by a common rail carrier pursuant to a contract with the state, a political subdivision of the state, or a special district allowing the contracting government to use the carrier's property or tracks for the provision… (official summary)

Question before the chamber: Cow * (s.001) (Committee of the whole)

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