By Trish Svoboda

The legislative session of 2024 is gradually coming to a close. Some issues that were addressed or talked about in this session include the flat tax, foreign land ownership, and more.

Sen. Dennis Pyle said the legislature has been unsuccessful in overriding the governor’s veto of the flat tax twice. Each house has witnessed its tax proposal being rejected by the other. They are now anticipating the governor’s decision on the most recent tax reduction plan that was approved by both houses before the first adjournment.

Pyle said the challenge to reduce taxes lies not only in the fiscal note but also in determining which taxes to cut.

SB 377, a bill introduced by the governor just before the session began, includes provisions such as the abolition of state tax on social security, a significant increase in the standard deduction, and property tax relief.

The issue of foreign land ownership was debated in the Senate but didn’t pass due to the absence of six Republicans. The outcome is still uncertain. Pyle’s amendment, which called for a vote on the 93% pay increase for legislators before funding could be allocated, was rejected by the conference committee.

Legislation extending tax credits for donations to pregnancy crisis centers has been approved by the legislature and sent to the governor. The bill offers a 70% tax credit for donations to these centers, with a fiscal note cap of $10 million per year.

Legislation providing oversight of rules and regulations adopted by state agencies has also been approved by both chambers and sent to the governor. This legislation mandates the ratification of rules if the anticipated costs to businesses, local government, or individuals exceed $1 million within the first five years of implementation.