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SB 135 - This act phases out the corporate income tax over a period of years beginning with the 2024 tax year. Each annual reduction in the tax rate shall be by 0.8%, and beginning with the 2028 tax year there shall be no income tax on corporate income. This act is similar to SB 9 (2022 First Extraordinary Session), SB 701 (2022), SB 393 (2021), and HB 2239 (2020), and to a provision in SB 18 (2022 First Extraordinary Session). JOSH NORBERG
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