Introduced
by
To revise details of the "franchise tax" imposed on financial institutions, including the "apportionment" of the tax to earnings generated in other states, and the application of the tax given different ownership structures.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the Senate 36 to 0 (details)
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
