04.18.12 The House Ways and Means committee gave this bill a favorable report as amended by the subcommittee.
04.17.12 The House Ways and Means Sales and Income Tax subcommittee gave this bill a favorable report with amendments. The amendment reinstated several tax exemptions including containers for agribusiness, news businesses, telecommunications, packaging, broadcasting equipment, hearing aides, commercial livestock, and manufacturer research and development.
Summary of the bill as introduced: Deletes the one percent exemption to individuals over 85 years old and reenacts the Joint Committee on Taxation and requires the committee to review sales tax sections of the law.