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HB 0998 - Taxes; corporate net worth tax; repeal; provisions

Tracking Level: Monitor
Sponsor: Martin,Charles 47th
Last Action: 2/1/2010 - House Second Readers
House Committee: W&M
Assigned To:
Finance - FundingNext Bill
Finance - TaxationNext Bill

Staff Analysis of the Legislation

SUMMARY:  This bill would amend Chapter 13 of Title 48 to completely eliminate corporate worth taxes on or after 1/1/2011.

NOTE:  Here is another attempt to further reduce available revenue to the state and increase the likelihood of additional cuts to education funding.


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text