HB 86 Modifies provisions regarding the imposition of the corporate franchise tax

     Handler: Lager

Current Bill Summary

- Prepared by Senate Research -

HB 86 - Under current law, corporations with outstanding shares and surplus in excess of one million dollars are subject to an annual franchise tax equal to one-thirtieth of one percent of its outstanding shares and surplus. This act would subject only those corporations with outstanding shares and surplus in excess of ten million dollars to the annual franchise tax.

JASON ZAMKUS

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