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2014 Bill(s)

* SB 496
Sponsor: Schmitt, Eric
Status: S Ways & Means
Description: Cut in half the income taxes for business income. Phase in the deductions. In 2013, the Revenue Department estimated eventually would cost $351 million per year in lost taxes. Legislative staff put the loss at $135 million per year.
See: 
  • The Fiscal Note(s)
  • Official legislative description and status

    • Note: The descriptions of bills, amendments and roll-call votes are written by MDN journalists. MDN's database may not include committee assignments of bills made on the last day of the session since it is too late for the committee to act on the bill and, thus, the delayed assignment has no practical effect.