Tag: Iggy & the Stooges
General Assembly Post-Game Wrap-Up/Pre-Game Show: Thurs., March 27, 2014
Let’s talk about the $51 million dog that didn’t bark. Namely HB 265(Schwartzkopf). Was on Tuesday’s House Agenda. Would ‘increase(s) the annual tax assessed on partnerships, limited partnerships and limited liability companies on file with the Secretary of State from $250 to $300 and increases the corporation franchise tax by $100 for those corporations that file on the authorized shares method”. $51 mill, just like that. So, why didn’t it happen? I think that Gary Myers, one of our commenters, identified the reason. He asked why wasn’t this a supermajority bill since it raises revenue. Enter House Amendment 1. Adds a supermajority (3/5) enactment clause. Makes 25 the magic number of votes needed, not 21. It’s possible that Pete has the votes. However, the bill isn’t on today’s agenda. So, I’m guessing he doesn’t have the votes right now. I’m honestly not sure how he could possibly have tried to push this bill through as one requiring only a simple majority. Things are just not flowing smoothly in the House right now.
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