s_fin_2016a_2016-04-14t11:42:48z1 Hearing Summary
Date: 04/14/2016
Final
BILL SUMMARY for SB16-175
SENATE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Postpone Senate Bill 16-175 indefinitely. The moti | PASS |
11:51 AM -- SB16-175
Senator Grantham, prime sponsor, presented Senate Bill 16-175, which creates an income tax credit that fuel retailers can claim for selling fuel blended to include at least 15 percent ethanol (E-15). The refundable credit is equal to 3 cents for each gallon of E-15 sold and is claimed on the retailers corporate or individual income tax return. The credit is available for fuel sold in 2017 through 2020.
Senator Grantham requested that the bill be laid over to May 12.
| BILL: | SB16-175 | |
| TIME: | 11:54:55 AM | |
| MOVED: | Hill | |
| MOTION: | Postpone Senate Bill 16-175 indefinitely. The motion passed on a vote of 5-0. | |
| SECONDED: | ||
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VOTE
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Holbert
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Yes
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Johnston
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Yes
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Kerr
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Yes
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Hill
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Yes
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Neville T.
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Yes
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Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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11:55 AM
The committee adjourned.