HB 220 -- Corporate Franchise Tax

Sponsor:  Gibbons

This bill repeals the state corporate franchise tax beginning
with tax years commencing on or after January 1, 2000.  All
delinquencies resulting from liability prior to the repeal will
not be extinguished.

In addition, the bill allows the Secretary of State to commence
administrative dissolution of a corporation within 30 days of a
corporation's failure to file or pay state corporate income tax.