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SB 393 - This act phases out the corporate income tax over a period of two years. For the tax year beginning on or after January 1, 2022, and ending on or before December 31, 2022, the rate of tax on corporate income shall be reduced from 4% to 2%. For all tax years beginning on or after January 1, 2023, there shall be no tax on corporate income. This act is identical to HB 2239 (2020). JOSH NORBERG
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