Legislation - SB0836

Title: Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2025)
Sponsored by: Senators Mautz, Bailey, Carozza, Jennings, and Ready
Status: In the Senate - Hearing 3/04 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Decreasing, over 5 taxable years, the State corporate income tax rate from 8.25% to 6.25%.

Committees

Details

Cross-filed with: HB1101

Introduced in a prior session as: SB0923 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 2/03/2025 Legislative Date 1/28/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2025) Proceedings
Chamber Senate Calendar Date 2/05/2025 Legislative Date 2/05/2025 Action Hearing 3/04 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/03/2025	1/28/2025	First Reading Budget and Taxation
			Text - First - Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2025)
Senate	2/05/2025	2/05/2025	Hearing 3/04 at 1:00 p.m.

File Code

Subjects

Statutes