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H.197

Introduced by   Representative Larson of Burlington

Referred to Committee on

Date:

Subject:  Taxation; corporate income tax; repeal of rate reduction

Statement of purpose:  This bill proposes to leave in place the corporate income tax rate reductions which begin in 2006, but to repeal the further rate reductions which begin in 2007.

AN ACT RELATING TO REPEAL OF CORPORATE INCOME TAX RATE REDUCTION

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  REPEAL

Secs. 4 and 23(4) of No. 152 of the Acts of the 2003 Adj. Sess. (2004) (relating to reduction of corporate income tax rates for 2007 and after) are repealed.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us