SB 125
Phases in an exemption from commercial activity subject to corporate activity tax reimbursements for certain health care services, including care provided to medical assistance recipients and to Medicare recipients.
Official Summary
Digest: The Act makes payments received for health care services not taxed by the corporate activity tax. (Flesch Readability Score: 63.6). [Exempts] Phases in an exemption from commercial activity subject to corporate activity tax reimbursements for certain health care services, including care provided to medical assistance recipients and to Medicare recipients. Exempts receipts from medications administered or dispensed in a clinical setting other than a hospital. Applies to tax years beginning on or after January 1, 2026[, and before January 1, 2032]. Takes effect on the 91st day following adjournment sine die.
Committee
JCTE
Last Action
In committee upon adjournment.
Invalid Date
Legislative Timeline
Senate: In committee upon adjournment.
Senate: Referred to Tax Expenditures by order of the President.
Senate: Recommendation: Do pass with amendments and be referred to Tax Expenditures. (Printed A-Eng.)
Senate: Work Session held.
Senate: Public Hearing held.
Senate: Public Hearing held.
Senate: Referred to Finance and Revenue.
Senate: Introduction and first reading. Referred to President's desk.
Story Thread
8 events tracked · Jan 13 – Jun 27, 2025