SB696
Income tax, corporate; reduction of rate.
Status:
Killed
Latest Action:
Jan. 28, 2026
Senate: Passed by indefinitely in Finance and Appropriations (9-Y 4-N)
Chief Patron:
Emily Jordan (R)
Session:
2026 Regular Session
Summary
As Introduced. Corporate income tax rate; reduction.
Reduces the corporate income tax rate by 1.25 percent each taxable year from the current six percent rate until the rate equals 2.25 percent for taxable year 2028 and thereafter.-
Bill History
- 01/14/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26103137D
- 01/14/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/26/2026 - Senate: Fiscal Impact statement From TAX (1/26/2026 10:52 am)
- 01/28/2026 - Senate: Passed by indefinitely in Finance and Appropriations (9-Y 4-N)
