H.B. 252: Tariff Payment Tax Credit

What the bill does

Did not pass both chambers; the bill was filed on March 6, 2026.

This bill enacts an individual income tax credit for certain tariff payments.

• Defines terms
• Enacts a nonrefundable individual income tax credit for a business entity's payment of tariffs, the costs of which have not been passed to customers, in an amount that corresponds to the total amount of qualifying tariff payments made by the business entity during the taxable year
• Requires a qualifying claimant, before claiming a tax credit, to apply for and receive a written certification from the Governor's Office of Economic Opportunity (office) certifying the qualifying claimant's eligibility for the tax credit and the tax credit amount
• Requires the office to annually report to the State Tax Commission on recipients of a written certification for the tax credit
• Authorizes the office to make rules for administering the certification requirements for the tax credit
• Makes technical and conforming changes

The description and list come from the bill's own long title as recorded by the Legislature. Read the official bill. The Ledger takes no position on it.

Subjects: Income Tax · State Tax Commission · Revenue and Taxation · Individual Income Tax · Tax Credits

How it moved

1. January 20, 2026 · House1st reading (Introduced)Rules Committee
2. March 6, 2026 · Housefiledfile for bills not passed

Steps as the Legislature recorded them; clerical and fiscal-staff entries are left out. Numbers such as 54-14-7 are yeas, nays and absent.

Fiscal note

From the Legislative Fiscal Analyst's note on H.B. 252, dated January 19, 2026. A fiscal note estimates direct costs and revenue; it is not an appropriation.

• State revenue: Enactment of this bill may reduce Income Tax Fund revenue by an estimated $34.8 million ongoing beginning in FY 2027 as a result of the credits authorized in the bill.
• State expenditures: Enactment of this legislation could increase costs to the Tax Commission by $114,400 ongoing and $700 one-time, from the Income Tax Fund, beginning in FY 2028 for system changes and staff support. Enactment of this legislation could also cost the Governor's Office of Economic Opportunity $105,000 ongoing from the General Fund in FY 2027 for staff support to certify compliance to the provisions of the bill.
• Local government: Enactment of this legislation likely will not result in direct, measurable costs for local governments.
• Individuals and businesses: Enactment of this bill may reduce total individual income tax liability by an estimated $34.8 million ongoing beginning in FY 2027 as a result of the credit authorized in the bill.

Bill overview

Sponsor: Andrew Stoddard

Legislature passed-list status: Not available in the saved metadata.

Passed-list membership is not a finding that a bill was signed or took effect. A bill absent from that list is not necessarily pending or defeated.

Latest recorded action

filed
Action date: March 6, 2026

The full step list is above. Find the bill in the official session list for status, hearings and committee records.

Recorded floor votes

No floor-vote records for this bill and session are available here. This does not mean no vote occurred; consult the official bill record.

Ledger coverage

No Ledger stories with an explicit source link to this bill and session are listed here.