A similar bill likewise failed to pass the Assembly during the 2005-06 session.
The tax cut passed the Assembly by a vote of 63 to 14.
But to be sent to the governor, it will have to pass the Assembly.
The bill, which still must pass the Assembly, would also remove the state tax on television rights.
The bill that it was a part of did not pass the Assembly.
The bill passed the Assembly by a 125-to-19 vote.
The measure passed the Assembly last week by an even larger margin, 59 to 5.
The bill then passed the Assembly and was sent over to the Senate.
The bill passed the Assembly with a 73-0 vote.
A similar version passed the Assembly three months later.