Reported by CommitteeFiled Feb 27, 2025
Sponsor: Mark C. Montigny
Latest Action
Senate: Bill reported favorably by committee and referred to the committee on Senate Ways and Means
Jul 9, 2026
Summary
This legislation aims to eliminate a tax loophole that lets some corporations reduce or avoid state taxes. It would affect businesses that currently benefit from the loophole, potentially increasing tax fairness and state revenue. The measure is intended to ensure all companies pay their appropriate share of taxes.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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