2006 Senate Bill 1389

Establish no impairment of SBT tax breaks upon repeal

Introduced in the Senate

Aug. 9, 2006

Introduced by Sen. Bob Emerson (D-27)

To establish when the Single Business Tax is eliminated after Dec. 31, 2007, if it is replaced with a different business tax, then a firm that had been promised SBT tax breaks may claim a tax break against the new tax equivalent to its previous tax breaks.

Referred to the Committee on Finance