Income tax, corporate; reduces tax from its current rate.
Summary
Corporate income tax rate. Reduces the corporate income tax from its current rate of six percent to five percent in taxable year 2022, four percent in taxable year 2023, three percent in taxable year 2024, and two percent in taxable year 2025 and subsequent years.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 11, 2022
Last action Feb 15, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
3
Feb 7, 2022
Lower · Passed
Subcommittee recommends laying on the table (8-Y 1-N)
lower
Jan 19, 2022
Committee
Assigned Finance sub: Subcommittee #1
lower
Jan 11, 2022
Committee
Referred to Committee on Finance
lower
Jan 11, 2022
Introduced
Prefiled and ordered printed; offered 01/12/22 22101108D
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joe McNamara
RRepublican
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