Tax committee advances brief tax‑conformity measure; vice chair says it has low fiscal cost

Vice Chair Joy presented House File 37 54 to the House Tax Committee on March 12 as a tax‑conformity bill that removes an exclusion from gross income for up to $2,500 in employer contributions to certain employer accounts as described in the record.

Joy characterized the bill as low‑cost and appropriate to include in broader tax conformity work this year. There were no witnesses and no extended fiscal discussion during the hearing. Rep. Joy thanked the committee for time and moved to include the measure for possible inclusion in the omnibus tax bill; the committee agreed to lay the bill over.

Next steps: HF 37 54 was laid over for potential inclusion in the omnibus tax bill; staff will process the bill as part of tax conformity work this session.

Speakers quoted or paraphrased in this article are listed in the committee record.