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 2023
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2023
Last action Jan 3, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 3, 2024
Senate · Referred to committee
REFERRED TO BUDGET AND REVENUE
Jan 31, 2023
Senate · Referred to committee
REFERRED TO BUDGET AND REVENUE
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
James Skoufis
DDemocratic
Co
James Sanders
DDemocratic
Co
Rachel May
DDemocratic/Working Families
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