HB 7109, the tax cut package totaling just over $90 million, passed the legislature on May 8. 

The bill provides for a pair of three-day sales tax “holidays” and offers a modest reduction to a 6% tax on commercial rents. 

The original House proposal would have temporarily cut the commercial rent tax by 1.5%, a move projected to save businesses $190.7 million next fiscal year. The final package reduced the commercial rent tax to 5.8%.