Income tax, corporate; reduces tax rate by one percent for taxable years beginning January 1, 2016. (SB1285)
Introduced By
Sen. Steve Martin (R-Chesterfield)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Reduction of the corporate income tax. Reduces the corporate income tax rate by one percent for taxable years beginning on or after January 1, 2016, and continues to reduce the corporate income tax rate each taxable year contingent upon general fund revenues exceeding the forecast by one percent for the previous fiscal year. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/14/2015 | Prefiled and ordered printed; offered 01/14/15 15102926D |
| 01/14/2015 | Referred to Committee on Finance |
| 01/19/2015 | Impact statement from TAX (SB1285) |
| 01/21/2015 | Passed by indefinitely in Finance (13-Y 2-N) (see vote tally) |