SB 2349 - Reduces Individual and Corporate Income Taxes - North Dakota Key Vote
Dan Ruby voted Yea (Passage) on this Legislation.
Timeline
- Executive Signed
- April 23, 2015
- House Bill Passed
- April 17, 2015
- Senate Bill Passed
- Feb. 18, 2015
- Introduced
- Jan. 26, 2015
Related Issues
Stage Details
Title: Reduces Individual and Corporate Income Taxes
Signed by Governor Jack Dalrymple
Title: Reduces Individual and Corporate Income Taxes
Vote Smart's Synopsis:
Vote to pass a bill that reduces individual and corporate income tax rates for taxable years beginning after December 31, 2014.
Highlights:
- Amends the formula used to calculate individual income tax rates (Sec. 2).
- Reduces the tax rate on taxable income for domestic and foreign corporations in the following ways (Sec. 1):
- From 1.48 to 1.41 percent, for the first $25,000;
- From 3.75 to 3.55 percent, for the second $25,000; and
- From 4.53 to 4.31 percent, for income in excess of $50,000.
More Info About this Vote
NOTE: THIS IS A SECOND READING VOTE TO CUT OFF DEBATE ON THE BILL AND ADVANCE IT TO THE THIRD READING IN WHICH AN UP-OR-DOWN VOTE FOR PASSAGE WILL OCCUR.
Title: Reduces Individual and Corporate Income Taxes