Introduced
by
To move up the date of the annual .1 percent cut in the Single Business Tax rate (which is required under a law passed in 1999 to phase out the tax over 23 years), from Jan. 1 each year to Oct. 1 of the preceding year, which is the start of the state’s fiscal year. The bill would move the Jan.1, 2002 tax cut to Oct. 1, 2001, and do the same for all subsequent tax cuts.
Referred to the Committee on Finance
