| SB 0678 | Modifies corporate income tax apportionment and the tax rate |
| Sponsor: | Vogel | Co-Sponsor(s) | ||
| LR Number: | 1968S.01I | Fiscal Note: | 1968-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 03/17/03 - Second Read and Referred S Ways and Means Committee | Journal page: | S536 | |
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 678 - This act repeals the single factor apportionment
method for multistate corporate income. The act also reduces the
corporate income tax rate by 1% from 6.25% to 5.25% for all tax
years beginning on or after 1/1/2003.
JEFF CRAVER