SB 189 (2023)
Modify business interest expense deduction
This bill became law.
Last updated 2023-12-07 8:54 am
Summary:
Allows a business to fully deduct its business interest expense in the year it is incurred for tax years commencing on or after January 1, 2024.
The House amended the bill. According to the House Ways and Means Committee, their amended version of the bill "ensures that previously disallowed deductions that have been carried forward will be deducted in equal amounts over three years."
Status:
Status Detail:
Signed by Governor
Public Hearing Date:
04/26/2023 10:00 am
Public Hearing Location:
LOB Room 202-204
House Voting Date:
05/18/2023
Senate Voting Date:
06/01/2023
The data you see here is pulled daily from official government databases. The bill summary is created by Citizens Count staff. Learn more about our methodology for summarizing and updating bills.
Browse related articles and bills:
