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SB 101 (2021)

Increase threshold to file business taxes


Increases the gross business income threshold for filing a Business Profits Tax (BPT) return from $50,000 to $75,000.

The House amended the bill to increase the threshold to $92,000 and allow for future increases based on the Consumer Price Index.

Bill Sponsor:
Donna Soucy
Democratic party logo
Bill Became Law?:
Status Detail:
Signed by Governor
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