SB 367 – Phases out the corporate income tax

• Sponsor: Ridgeway
• LR Number: 1785S.01I
• Committee: Ways and Means
• Last Action: 3/4/2009 - Hearing Conducted S Ways and Means Committee
• Effective Date: August 28, 2009

Current Bill Summary

SB 367 - Beginning in the 2010 taxable year, this act phases out the corporate income tax over a period of four years so that for the tax year 2014, no corporate income tax will be imposed.

This act is identical to House Bill 178 (2009).

JASON ZAMKUS