Disappointment over the inability to find a broad based business tax underscored the final conference committee on HB3 this afternoon.
Conferees once again reiterated that they were close on a final bill. Senate Finance Chair Steve Ogden even said that if the odds of success were great if the Governor did call another special session.
But the reality is that the grandiose visions of major school property tax reductions were all but vanquished absent a solution to the ultimate question of how to bring service industries and partnerships into paying taxes. What was once an $8-$14 billion dollar tax bill during the regular session had been diminished down to a mere $2 billion.
http://www.quorumreport.com/Another special session shot to hell!