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SB 260 (2023)

Business tax deduction for owners of business

Summary:

Allows a Business Profits Tax (BPT) deduction for the full amount of "fair, reasonable, and customary compensation" for members and owners of business organizations.

Bill Sponsor:
Timothy P. Lang Sr.
Republican party logo
Bill Became Law?:
No
Status:
HOUSE
Status Detail:
Killed in the House
Public Hearing Date:
04/26/2023 11:00 am
Public Hearing Location:
LOB Room 202-204
House Voting Date:
05/04/2023
Senate Voting Date:
03/23/2023
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