Income taxes: bank and corporation taxes.
Potentially, an increase in corporate taxes may affect the prices consumers pay for goods and services.
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SB 707 — Income taxes: bank and corporation taxes.
No card. One bill, free forever — alerts when it moves.
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1Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill died with 1993-1994 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
In plain language
This bill modifies income taxes for banks and corporations.
SB 707 adjusts the income tax rates for banks and corporations to impact their tax obligations. This change aims to generate increased revenue for state programs.
What this means for you
- Workers: Changes in corporate taxes might impact hiring practices and job stability within larger firms.
- Consumers: Potentially, an increase in corporate taxes may affect the prices consumers pay for goods and services.
- Small Business: This could influence competition as small businesses may face different tax burdens compared to larger corporations.
Bill Text
What changed in the latest version
1 added · 1 removedPlain-language change summary
The bill SB 707 has been updated by removing some previous language and adding a new section. This change clarifies certain provisions, making the bill easier to understand and implement. Overall, these adjustments aim to improve the effectiveness of the legislation and ensure it meets its intended goals.
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View plain text versions (2)
- Chaptered 09/28/94 - Chaptered Current pdf September 28, 1994
- SB707 View text html
Sponsors
- Committee on Revenue and Taxation · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 1 co-sponsors · 121 not signed on
Sponsors (0)
None.
Co-sponsors (1)
- Committee on Revenue and Taxation
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 707?
- SB 707 is sponsored by Committee on Revenue and Taxation.
- What is the current status of SB 707?
- This bill died with 1993-1994 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 707?
- Track SB 707 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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