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2009 SESSION

• | print version

SB 1353 Bank franchise tax; deductions from gross capital.

Introduced by: Frank W. Wagner | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Bank franchise tax; deductions from gross capital.  Provides a deduction from gross capital in computing the bank franchise tax for direct equity investments in banks made by the United States government pursuant to the Emergency Economic Stabilization Act of 2008. The deduction would be allowed only for such equity investments that are unrelated to the purchase of a bank's troubled assets by the Secretary of the Treasury of the United States.

FULL TEXT

• 01/14/09  Senate: Prefiled and ordered printed; offered 01/14/09 092867340  pdf | impact statement

HISTORY

• 01/14/09  Senate: Prefiled and ordered printed; offered 01/14/09 092867340
• 01/14/09  Senate: Referred to Committee on Finance
• 02/11/09  Senate: Stricken at request of Patron in Finance (16-Y 0-N)