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- Subject Index: Since 1995
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2016 SESSION
SB 670 Bank franchise tax; sets a cap of $18 million on total annual tax liability per taxpayer.
Introduced by: Ryan T. McDougle | 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 shall increase by three percent annually. This bill is identical to HB 1224.
FULL TEXT
- 01/19/16 Senate: Presented and ordered printed 16104089D pdf | impact statement
- 01/28/16 Senate: Printed as engrossed 16104089D-E pdf | impact statement
- 02/25/16 Senate: Bill text as passed Senate and House (SB670ER) pdf | impact statement
- 03/10/16 Senate: Reenrolled bill text (SB670ER2) pdf
- 03/10/16 Governor: Acts of Assembly Chapter text (CHAP0325) pdf
AMENDMENTS
HISTORY
- 01/19/16 Senate: Presented and ordered printed 16104089D
- 01/19/16 Senate: Referred to Committee on Finance
- 01/26/16 Senate: Reported from Finance with amendment (15-Y 0-N)
- 01/27/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/28/16 Senate: Read second time
- 01/28/16 Senate: Reading of amendment waived
- 01/28/16 Senate: Committee amendment agreed to
- 01/28/16 Senate: Engrossed by Senate as amended SB670E
- 01/28/16 Senate: Printed as engrossed 16104089D-E
- 01/29/16 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/03/16 House: Placed on Calendar
- 02/03/16 House: Read first time
- 02/03/16 House: Referred to Committee on Finance
- 02/16/16 House: Assigned Finance sub: Subcommittee #1
- 02/17/16 House: Subcommittee recommends reporting (9-Y 0-N)
- 02/22/16 House: Reported from Finance (22-Y 0-N)
- 02/23/16 House: Read second time
- 02/24/16 House: Read third time
- 02/24/16 House: Passed House (96-Y 3-N)
- 02/24/16 House: VOTE: PASSAGE (96-Y 3-N)
- 02/25/16 Senate: Enrolled
- 02/25/16 Senate: Bill text as passed Senate and House (SB670ER)
- 02/25/16 House: Signed by Speaker
- 02/26/16 Senate: Signed by President
- 02/29/16 Senate: Enrolled Bill Communicated to Governor on 2/29/16
- 02/29/16 Governor: Governor's Action Deadline Midnight, March 7, 2016
- 03/07/16 Senate: Governor's recommendation received by Senate
- 03/09/16 Senate: Senate concurred in Governor's recommendation (27-Y 13-N)
- 03/10/16 House: House concurred in Governor's recommendation (91-Y 4-N)
- 03/10/16 House: VOTE: ADOPTION (91-Y 4-N)
- 03/10/16 Governor: Governor's recommendation adopted
- 03/10/16 Senate: Reenrolled
- 03/10/16 Senate: Signed by President as reenrolled
- 03/10/16 House: Signed by Speaker as reenrolled
- 03/10/16 House: Enacted, Chapter 325 (effective 7/1/16)
- 03/10/16 Senate: Reenrolled bill text (SB670ER2)
- 03/10/16 Governor: Acts of Assembly Chapter text (CHAP0325)