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2009 Bill(s)

* HB 86
Sponsor: Sutherland, Mike
Status: S 3rd Read (IN BUDGET)
Description: Raise from $1 million to $10 million the amount of a company's shares from the franchise tax. Legislative staff estimate the bill would cost the state $12 million in lost revenue in FY 2011.
See: 
  • House roll call - HB 86 (02/26/2009): 3rd reading of a bill to exempt a larger portion of a business's assets from the state's franchise tax.
  • House roll call - HB 86 (02/25/2009): Perfection of a bill to exempt a larger portion of a business's assets from the state's franchise tax.
  • The Fiscal Note(s)
  • Official legislative description and status

    • Note: The descriptions of bills, amendments and roll-call votes are written by MDN journalists. MDN's database may not include committee assignments of bills made on the last day of the session since it is too late for the committee to act on the bill and, thus, the delayed assignment has no practical effect.