Skip Cleaver voted Yea (Passage) on this Legislation.
Title: Establishes Rates of Business Profits Tax
A vote to pass a bill that establishes the rates of the business profits tax and the business enterprise tax for taxpayer years.
Increases the business profits tax rate for taxable periods on or after December 31, 2019 to 8.5 percent (Sec. 1).
Reduces the business enterprise tax rate from taxable periods ending on or after December 31, 2019 to .5 percent (Sec. 2).
Title: Establishes Rates of Business Profits Tax