state laws at your finger tips
in concise, plain language
Legislation watch

2013 Senate Bill 516: Convert certain bank tax breaks to cash subsidies
Introduced by Sen. Darwin Booher (R) on September 19, 2013 To revise details of the "franchise tax" imposed on financial institutions, including the "apportionment" of the tax to earnings generated in other states, and the application of the tax given different ownership structures.   Official Text and Analysis.
Referred to the Senate Finance Committee on September 19, 2013
Reported in the Senate on November 14, 2013 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on December 3, 2013
The substitute passed by voice vote in the Senate on December 3, 2013
Passed 36 to 0 in the Senate on December 4, 2013 (same description)
To revise details of the "franchise tax" imposed on financial institutions, including the "apportionment" of the tax to earnings generated in other states, and the application of the tax given different ownership structures.
Received in the House on December 4, 2013
Referred to the House Tax Policy Committee on December 4, 2013
Reported in the House on March 12, 2014 With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Comments