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2016 SESSION
HB 1224 Bank franchise tax; sets a cap of $18 million on total annual tax liability per taxpayer.
Introduced by: R. Lee Ware | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
Bank franchise tax. Sets a cap of $18 million on the total annual bank franchise tax liability per taxpayer. The cap will increase to $20 million if at least five taxpayers pay the $18 million cap for three consecutive years. After two years at $20 million, the cap will increase by three percent annually. The bill is identical to SB 670.
FULL TEXT
- 01/19/16 House: Presented and ordered printed 16103959D pdf | impact statement
- 02/03/16 House: Printed as engrossed 16103959D-E pdf | impact statement
- 02/29/16 House: Bill text as passed House and Senate (HB1224ER) pdf | impact statement
- 04/20/16 House: Reenrolled bill text (HB1224ER2) pdf
- 04/20/16 Governor: Acts of Assembly Chapter text (CHAP0755) pdf
AMENDMENTS
HISTORY
- 01/19/16 House: Presented and ordered printed 16103959D
- 01/19/16 House: Referred to Committee on Finance
- 01/26/16 House: Assigned Finance sub: Subcommittee #1
- 01/27/16 House: Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
- 02/01/16 House: Reported from Finance with amendment (22-Y 0-N)
- 02/02/16 House: Read first time
- 02/03/16 House: Read second time
- 02/03/16 House: Committee amendment agreed to
- 02/03/16 House: Engrossed by House as amended HB1224E
- 02/03/16 House: Printed as engrossed 16103959D-E
- 02/04/16 House: Read third time and passed House (95-Y 3-N)
- 02/04/16 House: VOTE: PASSAGE (95-Y 3-N)
- 02/05/16 Senate: Constitutional reading dispensed
- 02/05/16 Senate: Referred to Committee on Finance
- 02/23/16 Senate: Reported from Finance (15-Y 0-N)
- 02/24/16 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/25/16 Senate: Read third time
- 02/25/16 Senate: Passed Senate (40-Y 0-N)
- 02/29/16 House: Enrolled
- 02/29/16 House: Bill text as passed House and Senate (HB1224ER)
- 02/29/16 House: Signed by Speaker
- 03/03/16 Senate: Signed by President
- 03/04/16 House: Enrolled Bill communicated to Governor on 3/4/16
- 03/04/16 Governor: Governor's Action Deadline Midnight, March 11, 2016
- 03/11/16 House: Governor's recommendation received by House
- 04/20/16 House: Placed on Calendar
- 04/20/16 House: House concurred in Governor's recommendation (92-Y 5-N)
- 04/20/16 House: VOTE: ADOPTION (92-Y 5-N)
- 04/20/16 Senate: Senate concurred in Governor's recommendation (37-Y 2-N)
- 04/20/16 Governor: Governor's recommendation adopted
- 04/20/16 House: Reenrolled
- 04/20/16 House: Reenrolled bill text (HB1224ER2)
- 04/20/16 House: Signed by Speaker as reenrolled
- 04/20/16 Senate: Signed by President as reenrolled
- 04/20/16 House: Enacted, Chapter 755 (effective 7/1/16)
- 04/20/16 Governor: Acts of Assembly Chapter text (CHAP0755)