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2022 SESSION

• | print version

HB 295 Income tax, corporate; reduces tax from its current rate.

Introduced by: Joseph P. McNamara | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate income tax rate. Reduces the corporate income tax from its current rate of six percent to five percent in taxable year 2022, four percent in taxable year 2023, three percent in taxable year 2024, and two percent in taxable year 2025 and subsequent years.

FULL TEXT

• 01/11/22  House: Prefiled and ordered printed; offered 01/12/22 22101108D  pdf | impact statement

HISTORY

• 01/11/22  House: Prefiled and ordered printed; offered 01/12/22 22101108D
• 01/11/22  House: Referred to Committee on Finance
• 01/19/22  House: Assigned Finance sub: Subcommittee #1
• 02/07/22  House: Subcommittee recommends laying on the table (8-Y 1-N)
• 02/15/22  House: Left in Finance