Substitute for Raised S.B. No. 513
Session Year 2026
 


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.

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.

Introduced by:
Finance, Revenue and Bonding Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 4/20/2026(LCO)File Number 698
 4/20/2026Senate Calendar Number 429
 4/20/2026Favorable Report, Tabled for the Calendar, Senate
 4/20/2026(LCO)Reported Out of Legislative Commissioners' Office
 4/13/2026(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 04/20/26 12:00 PM
 4/1/2026(LCO)Filed with Legislative Commissioners' Office
 3/30/2026(FIN)Joint Favorable
 3/23/2026Public Hearing 03/27
 3/20/2026Referred to Joint Committee on Finance, Revenue and Bonding

Co-sponsors of SB-513

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