HB1136

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Repeal the alternate realty improvement contractor's excise tax.

Casey Crabtree,Mike Weisgram

House Bill·Introduced Jan 30, 2025·Last action Feb 5, 2025

Business RegulationSales Tax

Official Page

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Passed OriginPassed

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This bill eliminates the 2% excise tax that contractors currently pay on realty improvement project gross receipts. The repeal removes the tax collection rules that allowed contractors to report and pay this tax on either an accrual or cash basis.

AI-generated summary

Sales tax ratesBill would reduce (relevance: 95%)Business regulationsBill would reduce (relevance: 60%)

Changes to Existing Law

13 sections affected77 words added33 words removed

View full diff

§ 10-45-1.14amended § 10-46new § 10-46-5amended § 10-52-17amended § 10-56-1amended § 10-59-1amended § 10-59-32amended § 10-59-32.1amended § 10-59-40amended § 10-59-44amended § 10-59-46amended § 10-61-1amended § 5-21-3amended

History (2)

Feb 5, 2025H
House of Representatives Withdrawn at the Request of the Prime Sponsor H.J. 197
Jan 30, 2025H
First read in House and referred to House Taxation H.J. 154

Sponsors (3)

Casey Crabtree

Prime sponsor · Sen

Dist. SD-008

Mike Weisgram

Prime sponsor · Rep

Dist. HD-024

Cosponsors

Carl Perry