HB 1619 Phases out franchise tax rates and threshold amounts over a period of years

     Handler: Gibbons

Current Bill Summary

- Prepared by Senate Research -

SCS/HB 1619 - This act phases-out the annual franchise tax rates and income threshold amounts for corporations over a period of five years beginning tax year 2007. The act also modifies the tax credit allowed for banking institutions to compensate for the phase-out of the franchise tax.

JASON ZAMKUS

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