AI Summary

The bill aims to lower the corporate income tax rate and eliminate certain unused tax credits. It seeks to reduce the tax burden on corporations and simplify the tax credit system by removing credits that are not being utilized. This change may impact corporate tax liabilities and streamline the tax code for businesses.

• 2023-01-26: House Introduced

• 2023-01-26: House Referred to Committee on Taxation

• 2023-02-06: House Hearing: Monday, February 6, 2023, 3:30 PM Room 346-S

• 2023-02-09: House Committee Report recommending bill be passed by Committee on Taxation

• 2023-03-09: House Committee of the Whole - Motion to Amend - Offered by Representative Miller, V.

• 2023-03-09: House Representative Awerkamp raised a question of germaneness. The amendment was ruled not germane.

• 2023-03-09: House Committee of the Whole - Be passed

• 2023-03-09: House Emergency Final Action - Passed; Yea: 121 Nay: 0

• 2023-03-09: Senate Received and Introduced

• 2023-03-10: Senate Referred to Committee on Assessment and Taxation

• 2023-03-20: Senate Hearing: Monday, March 20, 2023, 9:30 AM Room 548-S

• 2023-03-24: Senate Committee Report recommending substitute bill be passed by Committee on Assessment and Taxation

• 2024-01-09: Senate Withdrawn from Calendar, Rereferred to Committee on Assessment and Taxation

• 2024-03-26: Senate Committee Report recommending substitute bill be passed by Committee on Assessment and Taxation

• 2024-04-30: Senate Died on Senate Calendar