2001 House Bill 4138

Introduced in the House

Feb. 6, 2001

Introduced by Rep. Bruce Patterson (R-21)

To double the speed at which the Single Business Tax is phased out. Presently, it would be phased out at one tenth of one percent, over 20 years. House Bills 4135-4139 would accelerate the process to a 10 year phase out, and do so by bumping the annual phase out to two-tenths of one percent. Each bill accelerates the phase out for a two year period, this bill covers the seventh and eighth years (see HB 4135-4139).

Referred to the Committee on Tax Policy