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SB 2853

Income tax; extend repealer on tax credit for certain charges for using certain port and airport facilities.

2025 Regular Session Introduced by Josh Harkins

Extends the sunset on the income tax credit for charges at designated port and airport facilities, keeping the credit available longer.

Died In Committee
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Bill Summary · SB 2853

Summary — SB 2853 (2025): Extend repealer on income tax credit for certain port and airport facility charges

Status: Died In Committee
Introduced: March 14, 2025
Subject areas: Accountability, Efficiency, Transparency; Finance; Ways and Means
Companion bill: HB 4838

Purpose

SB 2853 would extend the statutory repeal (sunset) date for an existing income tax credit that reimburses or offsets certain charges incurred for using specified port and airport facilities. In short, rather than letting the credit expire on its current schedule, the bill keeps the credit available for a longer period.

Key provisions (based on bill title)

  • Amend the income tax law to postpone the repealer (sunset) provision that would terminate the tax credit tied to certain charges for using particular port and airport facilities.
  • Leave existing eligibility rules and the mechanics of claiming the credit intact (the title indicates only a repeal-extension, not a substantive expansion).
  • The bill does not, in its title, specify changes to credit amounts, refundability, or eligibility categories — those would be spelled out in the bill text.

Note: The full bill text is required to identify the exact new sunset date, any retroactivity, and whether the extension applies to individuals, corporations, pass-through entities, or specific types of port/airport charges.

Who would be affected

  • Primary beneficiaries: taxpayers who pay the covered charges for use of designated port and airport facilities — likely shippers, carriers, freight handlers, airlines, cargo owners, and businesses that rely on these facilities.
  • State fiscal authorities: extending the credit would reduce state income tax revenues to the extent credits are claimed.
  • Ports and airports: continuation of the credit may help maintain or increase facility usage by lowering net costs for users.

Potential fiscal and policy impacts

  • Short-term fiscal effect: reduced General Fund or income-tax revenue collections equal to the credits claimed during the extended period; the magnitude depends on utilization levels (a fiscal note would quantify this).
  • Policy effect: preserves an incentive encouraging use of the state’s port and airport facilities, which proponents might argue supports commerce, jobs, and competitiveness; opponents may point to revenue loss and assess whether the incentive yields commensurate economic benefits.

Legislative history (selected actions)

  • Filed / Received by Secretary of the Senate: March 14, 2025
  • Referred to Finance; later referred to Ways & Means / Accountability, Efficiency, Transparency (dates listed in clerk actions)
  • Other clerk entries include “Title Sufficient Do Pass,” “Passed,” and transmission between chambers noted in February 2025.
  • Final status recorded: Died In Committee.

(Readers should note some clerk dates in the record overlap or reflect companion-chamber actions. Consult the official bill text and fiscal note for exact repeal dates and detailed provisions.)

Compiled from official sources — confirm details with the bill’s official record.

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