Bill Summaries: S 896 ELIMINATE PHASEOUT OF CORPORATE INCOME TAX.

Printer-friendly: Click to view

Tracking:

Bill S 896 (2021-2022)

Summary date: May 31 2022 - View Summary

Repeals Section 42.2 of SL 2021-180, which phased out the corporate income tax beginning in 2025 until it reached 0% in 2029.

Appropriates $50,000 from the General Fund to the Department of Revenue to notify corporate taxpayers of the change.

Business and Commerce, Corporation and Partnerships, Government, State Agencies, Department of Revenue, Tax

UNCODIFIED