SB 852 Creates a tax credit for shareholders of S corp savings and loan associations and credit institutions
Sponsor: Barnitz
LR Number: 3934S.04C Fiscal Note: 3934-04
Committee: Ways & Means
Last Action: 3/27/2006 - Removed S Consent Calendar Journal Page: S525
Title: SCS SB 852 Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary

SCS/SB 852 - This act provides for an income tax credit for shareholders of S corporation savings and loan association holding companies and credit institutions based on the pro rata share of corporate franchise tax paid by such association or institution.