Corporate Income Tax – Rate Reduction

Bill Number:  HB1139

Bill Sponsor(s):  Delegate Shoemaker

Subject:  Ways and Means

Bill Summary:

Decreasing the State corporate income tax rate from 8.25% to 8.0% for tax year 2019, 7.5% for tax year 2020, and 7.0% for tax year 2021 and beyond.

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