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2012 House Bill 5778: Raise business income tax rate
Introduced by Rep. John Olumba (D) on July 18, 2012 To increase the state business income tax rate from 6 percent to 15 percent. Manufacturers and firms “primarily engaged in the business of research” would have a rate of 6 percent if they add at least five new jobs during the preceding year.   Official Text and Analysis.
Referred to the House Tax Policy Committee on July 18, 2012