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2010 SESSION
SB 325 Income tax, corporate; lower rate for certain businesses.
Introduced by: Richard H. Stuart | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Corporate income tax; lower rate for certain businesses. Reduces the corporate income tax rate from six percent to three percent for the first three years after a business establishes a new office or operation or expands an existing office or operation in an area that is not designated by the U.S. Environmental Protection Agency as a nonattainment area under the Clear Air Act, for taxable years beginning on or after January 1, 2010. The capital investment must be $250,000 or more and the tax reduction may not exceed that amount of the capital investment made by the corporation.
FULL TEXT
HISTORY
- 01/12/10 Senate: Prefiled and ordered printed; offered 01/13/10 10103381D
- 01/12/10 Senate: Referred to Committee on Finance
- 02/10/10 Senate: Passed by indefinitely in Finance (9-Y 6-N)