Introduced in the House on March 1, 2007, to require a person to add to their taxable income for purposes of calculating their state income tax liability any expenses incurred in the production of certain income that is not taxable under the state income tax, if those expenses were deducted from the person’s federal income tax base. That applies to expenses associated with oil and gas production. This is one of a number of “tax expenditure repeal” proposals proposed to pay for higher spending in the Fiscal Year 2007-2008 budget, and would increase the amount certain taxpayers pay by approximately $3.9 million
The vote was 57 in favor, 51 opposed and 2 not voting
(House Roll Call 104 at House Journal 35)
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