repealing the business profits tax.

Summary

The bill seeks to eliminate the business profits tax, striking it from the tax code and updating numerous statutes that currently reference it. It would affect businesses that currently pay the tax, as well as state revenue collections tied to that tax. The measure was declared “Inexpedient to Legislate” and failed to pass.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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