(at the request of Senate Commission on Educational Excellence)
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Relating to corporate minimum taxes; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Catchline/Summary:
Increases corporate minimum tax that applies to C corporations. Increases corporate minimum tax that applies to C corporations. Applies to tax years beginning on or after January 1, 2007.
Transfers net revenues from corporate minimum tax to School Improvement Fund for periods beginning on or after July 1, 2008.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 2480 House Committee On Revenue
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