SB 3019FINANCE-AGRICULTURAL BORROWER

Latest change summary

+377 / −659 words · LargeConfidence: high

This amendment fundamentally transforms SB 3019 from a comprehensive digital taxation and environmental fee bill into narrower legislation by eliminating entire tax regimes and fee structures. The bill removes in their entirety two proposed new taxes—a 10% tax on targeted advertising services (effective 2027) and a 0.2% tax on digital asset business activities (also effective 2027)—along with all associated definitions, registration requirements, enforcement mechanisms, and administrative procedures. The changes also delete increases to Pollution Control Board filing fees (which would have raised petition fees from $75 to $250), provisions related to motor fuel tax rates and surcharges (including a 7.5 cent per gallon diesel surcharge), and various administrative provisions governing net operating loss carryforwards and tax liens. The removal of home rule preemption language means local governments retain broader taxing authority over these activities. The bill now appears to focus solely on agricultural borrower finance issues as suggested by its title, having stripped away all digital economy taxation and environmental fee components.