Relates to franchise tax on banking corporations
Summary
Reinstates a bank tax based on the highest of four bases: a tax on allocated entire net income, a tax on allocated alternative entire net income, a tax on allocated taxable assets, or a fixed dollar minimum tax; prohibits banks from segregating their income and capital into business and investment varieties.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 14, 2021
Last action Jan 5, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 5, 2022
Committee
REFERRED TO BUDGET AND REVENUE
upper
Jan 14, 2021
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
James Skoufis
DDemocratic
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