The act repeals the following tax expenditures:
The exemption from the insurance premium tax for educational and scientific institution life insurance;
The alternative minimum income tax based on annual gross receipts from sales in or into the state;
The income tax credit for investment in technologies for recycling plastics;
The income tax credit for crop or livestock contributions to a charitable organization;
The income tax deduction for income or gain for a C corporation that was taxed prior to 1965, to the extent it is included in current taxable income;
Income tax credits for qualifying investments; and
The sales and use tax exemption for the transfer of complimentary promotional materials to an out-of-state vendee.
The act also repeals the requirement that a specific amount of a state-employed chaplain's salary must be designated as a rental allowance, thereby making it exempt from federal income tax.
(Note: This summary applies to this bill as enacted.)

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Statutes affected:
Preamended PA1 (02/08/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104
Preamended PA2 (03/11/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104
Introduced (01/12/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104, 44-3-106
Engrossed (03/15/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104
Reengrossed (03/16/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104
Revised (04/12/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104
Rerevised (04/13/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104
Final Act (04/21/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104
Signed Act (05/04/2022): 10-3-910, 39-22-104, 39-22-114.5, 39-22-301, 39-22-304, 39-22-507.5, 39-22-507.6, 39-26-713, 39-22-517, 39-30-104