2006 House Bill 6184

Establish no impairment of SBT tax breaks upon repeal

Introduced in the House

June 8, 2006

Introduced by Rep. Fulton Sheen (R-88)

To establish that if the Single Business Tax is repealed, a firm that had been given promised future tax credits could deduct the amount of the credits from their last SBT payment, and if the credit exceeded the tax liability, the difference would be refunded.

Referred to the Committee on Tax Policy