SB 1278: RELATING TO THE GENERAL EXCISE TAX.
- Session Year: 2025-2026
- House: Senate
Current Status:
In Progress
(2025-03-18: Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Version:
Establishes that any grants received from the federal Restaurant Revitalization
Fund (RRF) by an
eligible business pursuant to the American Rescue Plan Act of 2021 shall not be
subject to state general
excise tax. Requires any state general excise tax paid by
eligible businesses for RRF grants to be refunded to the tax payer.
Applicable to taxable years beginning after 3/11/2021.
Discussed in Hearing
20MINMar 12, 2025
House Standing Committee on Economic Development & Technology
9MINFeb 12, 2025