SB 852 – Creates a tax credit for shareholders of S corp savings and loan associations and credit institutions

• Sponsor: Barnitz
• LR Number: 3934S.04C
• Committee: Ways & Means
• Last Action: 3/27/2006 - Removed S Consent Calendar
• Journal Page: S525
• Title: SCS SB 852
• Effective Date: August 28, 2006

Current Bill Summary

SCS/SB 852 - This act provides for an income tax credit for shareholders of S corporation savings and loan association holding companies and credit institutions based on the pro rata share of corporate franchise tax paid by such association or institution.

JASON ZAMKUS