HB1619 - Phases out franchise tax rates and threshold amounts over a period of years

HB 1619

Phases out franchise tax rates and threshold amounts over a period of years

Sponsor:	Gibbons
LR Number:	4524S.02C	Fiscal Note:	4524-02
Committee:	Ways & Means
Last Action:	5/12/2006 - S Inf Calendar H Bills for Third Reading	Journal Page:
Title:	SCS HB 1619	Calendar Position:
Effective Date:	August 28, 2006
House Handler:	Sutherland

List of 2006 Senate Bills

Current Bill Summary

SCS/HB 1619 - This act phases-out the annual franchise tax rates and income threshold amounts for corporations over a period of five years beginning tax year 2007. The act also modifies the tax credit allowed for banking institutions to compensate for the phase-out of the franchise tax.

JASON ZAMKUS