SB 9
Eliminates the corporate income tax
Sponsor:
LR Number:
5945S.01I
Committee:
Appropriations
Last Action:
9/15/2022 - Second Read and Referred S Appropriations Committee
Journal Page:
S9
Title:
Calendar Position:
Effective Date:
90 days after adjournment

Current Bill Summary

SB 9 - Current law imposes a tax of 4% on corporate income. For all tax years beginning on or after January 1, 2023, this act provides that there shall be no tax on corporate income.

This act is identical to SB 701 (2022) and is substantially similar to SB 393 (2021) and HB 2239 (2020).

JOSH NORBERG

Amendments

No Amendments Found.