The bill aims to amend the Corporate Activity Tax by adjusting the exempt amount. It specifies a new effective date for these changes. The main provision involves changing the threshold for exemption under the tax law. This adjustment could have significant impacts on businesses subject to the Corporate Activity Tax, potentially affecting their tax obligations and financial planning.
2024-02-05: First reading. Referred to Speaker's desk.
2024-02-05: Referred to Revenue.
2024-03-07: In committee upon adjournment.
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