Corporate Income Tax – Rate Reduction

Bill Number:  SB0037

Bill Sponsor(s):  Senator Serafini

Subject:  Budget and Taxation

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.

Members read more about our positioning within our Members Only section.