Category: Economy, Budget and Taxes
HB 415 (2017)
House/Senate Bill: House
Description: Reduces the business profits tax rate from 8.2% to 4%; repeals the business enterprise tax, statewide property tax, utility property tax, and interest and dividends tax; establishes an income tax of 3.95%; and requires the state pay 35% of contributions of retirement system employers to some members beginning in fiscal year 2021.
Bill Sponsor: Paul Henle
Bill Co Sponsor: Click the "Link to Full Bill" for information
Next Hearing Date: Tue, 01/24/2017
Next Voting Date: Wed, 02/15/2017