Introduced
by
To cut the state’s business income tax rate from 6% to 5.95% in 2021, and 4.9% in 2022 and thereafter.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
To tie-bar the bill to Senate Bill 417, meaning this bill cannot become law unless that one does also. HB 417 would increase the state's earned income tax credit.
The amendment failed 15 to 22 (details)
Passed in the Senate 22 to 15 (details)
To cut the state’s business income tax rate from 6% to 3.9% starting Jan. 1 2022.
Referred to the Committee on Tax Policy
