Title: Single Tax Credit: Alternative Tax Rate and Percentage Reduction in Liability
Vote to concur with House amendments and pass a bill that reduces the alternative tax rate from two percent to one percent for certain small, low-profit businesses, and increases the maximum allowable shareholder or officer-allocated income used to determine eligibility for the small business credit/alternative rate from $115,000 to $125, 000.
Title: Single Tax Credit: Alternative Tax Rate and Percentage Reduction in Liability
Vote to pass a bill that reduces the alternative tax rate from two percent to one percent for certain small, low-profit businesses, and increases the maximum allowable shareholder or officer-allocated income used to determine eligibility for the small business credit/alternative rate from $115,000 to $125, 000.
Title: Single Tax Credit: Alternative Tax Rate and Percentage Reduction in Liability
Title: Single Tax Credit: Alternative Tax Rate and Percentage Reduction in Liability