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SB00513Introduced in the Senate

An Act Concerning A Payroll Tax And Structural Efficiency In The Collection Of Such Tax And Establishing An Administrative Efficiency Account For The Reduction Of Certain Consumer Charges.

Introduced

Introduced by Finance, Revenue and Bonding Committee

What does this bill do?

Plain-English breakdown

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Official description

To modernize state revenue collection of payroll expense through an employer administrative optimization program, establish a structural efficiency dividend to be applied to the reduction of public benefits charges on electric bills and provide for the enhancement of employee retirement assets through qualifying retirement investment plans.

Where it stands

File Number 698

April 20, 2026

How did lawmakers vote?

Chamber not recordedStage: FIN Vote Tally Sheet (Joint Favorable) · March 30, 2026

40

Yes

14

No

0

Absent or Not Voting

54 senators recorded in this Chamber not recorded vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

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Bill history

  1. Referred to Joint Committee on Finance, Revenue and Bonding

  2. Public Hearing 03/27

  3. Joint Favorable

  4. Filed with Legislative Commissioners' Office

  5. Referred to Office of Legislative Research and Office of Fiscal Analysis 04/20/26 12:00 PM

  6. Reported Out of Legislative Commissioners' Office

  7. Favorable Report, Tabled for the Calendar, Senate

  8. Senate Calendar Number 429

  9. File Number 698

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