Signed by Governor Kim Reynolds

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that repeals the sales tax on menstrual products.

Highlights:

• Specifies that public utilities companies are classified as commercial enterprises (Sec. 9).

• Requires business owners to file sales tax returns monthly if their sales exceed $1,200 (Sec. 13).

• Requires only one sales tax permit per business, regardless of the number of locations from which sales are made (Sec. 19).

• Repeals the remittance requirement for businesses that make more than $30,000 in sales (Sec. 24).

• Exempts diapers and feminine hygiene products from sales tax (Sec. 43).

• Requires businesses contracting with the state to apply for sales tax exemptions no later than one year after the contracted project was completed (Sec. 54).

• Reduces the franchise tax by 0.3% per year until 2027 (Sec. 60).

• Establishes a $100 fine for violation of the motor fuel reporting requirements for gas businesses (Sec. 65).

• Specifies review process for applications for the solar energy system tax credit (Sec. 66).

• Excludes some bonuses and premiums from taxable income for law enforcement, teachers, and child care workers (Sec. 70).

Full Bill Text