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Glossary of Legislative Terms

SB 486: Tax-exempt Income

GENERAL BILL by Hukill

Tax-exempt Income; Increasing the amount of income that is exempt from the corporate income tax; increasing the amount of income that is exempt from the franchise tax imposed on banks and savings associations, etc.

Effective Date: 1/1/2018
Last Action: 5/5/2017 Senate - Died in Banking and Insurance
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on Finance and Tax (AFT)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    1/25/2017 Senate • Filed
    2/9/2017 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 72
    3/7/2017 Senate • Introduced -SJ 72
    5/5/2017 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Banking and Insurance

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  • SB 486, Original Filed Version (Current Bill Version) Posted 1/25/2017 at 9:18 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    220.14 Exemption. Page 1 (pdf)
    220.63 Franchise tax imposed on banks and savings associations. Page 1 (pdf)

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