Legislative Update Week 13
First adjournment soon; school finance debate still looms.
While today is scheduled as the last day for the legislature’s regular session before they take their three-week April break, it is still unclear whether they will complete their work today, work through the weekend or come back next week for more discussions on school finance. Attorney General Derek Schmidt has sent a letter to legislative leadership expressing concern that no school finance plan has been passed and urging the legislature to do so before going on break. A two-thirds vote is necessary in order to extend the session past Saturday, April 7th.
As of this writing, the House convenes at 1:30 p.m. and the Senate is in recess until 2:00 p.m. A more complete recap of the legislative session will follow once the legislature adjourns for their break.
Bills of Interest
HB 2753
mandates periodic legislative reviews of certain tax credits, including the Historic Tax Credit. This bill passed out of the House and has been referred to the Senate Assessment and Taxation Committee. No hearing has been scheduled, but as this is an exempt committee, the chair can choose to act on this bill at any time. The bill may continue to move forward in its current form, or legislators may choose to use the bill as a “vehicle” in which to insert other tax policy language instead. We will continue monitoring this legislation for any new action.
