Summary of the Introduced Bill

HB 421 -- Income Tax:  Corporate Tax Rate

Co-Sponsors:  Cooper (120), Bearden, Roark, Crowell, Dempsey,
Mayer

This bill reduces the corporate income tax rate from 6.25% to
5.25% for tax years beginning on or after July 1, 2003.

The bill contains an emergency clause.

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Last Updated July 25, 2003 at 10:11 am