AB457Introduced in the Assembly
Requires the Joint Interim Standing Committee on Revenue to conduct a study concerning certain changes to provisions governing taxation. (BDR S-167)
Introduced by Venicia Considine, District 18
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
AN ACT relating to taxation; requiring the Joint Interim Standing Committee on Revenue to conduct a study during the 2025-2026 interim on the advisability and feasibility of treating certain business entities as a single entity for the purposes of the commerce tax and imposing a tax on the sale or transfer of a controlling interest in an entity which possesses an interest in real property in this State; and providing other matters properly relating thereto.
Where it stands
Chapter 263. (Effective June 5, 2025)
June 6, 2025
How did lawmakers vote?
Assembly votes
1 recorded vote · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: Senate Final Passage · May 22, 2025
14
Yes
7
No
0
Absent or Not Voting
21 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Michelee Cruz-Crawford | 1 | Yes |
| Edgar Flores | 2 | Yes |
| Rochelle Nguyen | 3 | Yes |
| Dina Neal | 4 | Yes |
| Carrie Ann Buck | 5 | No |
| Nicole Cannizzaro | 6 | Yes |
| Roberta Lange | 7 | Yes |
| Marilyn Dondero Loop | 8 | Yes |
| Melanie Scheible | 9 | Yes |
| Fabian Donate | 10 | Yes |
Bill history
Read first time. Referred to Committee on Revenue. To printer.
From printer. To committee.
Notice of eligibility for exemption.
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 471.)
To printer.
From printer. To engrossment. Engrossed. First reprint.
Read third time. Passed, as amended. Title approved, as amended. (Yeas: 27, Nays: 15.) To Senate.
In Senate.
Read first time. Referred to Committee on Revenue and Economic Development. To committee.
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 623.)
Reprinting dispensed with.
Read third time. Passed, as amended. Title approved, as amended. (Yeas: 14, Nays: 7.) To printer.
From printer. To re-engrossment. Re-engrossed. Second reprint. To Assembly.
In Assembly.
Senate Amendment No. 623 concurred in. To enrollment.
Enrolled and delivered to Governor.
Approved by the Governor.
Chapter 263. (Effective June 5, 2025)
Verify the information
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