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SB10 - Louisiana - Franchise/corporate, Tax

Latest Update: Sunday, May, 11th 2008

Accelerates the phase-out of corporate franchise tax on "borrowed capital" by one year, by excluding all "borrowed capital" from "taxable capital" for tax years beginning in 2011 (instead of 2012) and thereafter. (See Act) (EN -$26,000,000 GF RV See Note)

Latest Actions

03/24/2008 - Effective date: See Act.
03/24/2008 - SB10: Signed by the Governor. Becomes Act No. 10.
03/14/2008 - SB10: Sent to the Governor for executive approval on 3/17/08.
03/14/2008 - Sent to the Governor for executive approval on 3/17/08.
03/14/2008 - SB10: Signed by the Speaker of the House.
03/14/2008 - SB10: Enrolled and signed by the President of the Senate.
03/14/2008 - SB10: Received from the House without amendments.
03/14/2008 - SB10: Read third time by title, roll called on final passage, yeas 103, nays 0. Finally passed, ordered to the Senate.
03/13/2008 - SB10: Read by title, passed to 3rd reading - regular calendar.
03/13/2008 - SB10: Rules suspended.
03/13/2008 - SB10: Reported without Legislative Bureau amendments.
03/13/2008 - SB10: Reported favorably (17-0) (Regular). Referred to the Legislative Bureau.
03/12/2008 - SB10: Received in the House from the Senate, rules suspended, read by title, referred to the Committee on Ways and Means.
03/12/2008 - SB10: Read by title and finally passed as amended 31 yeas and 0 nays. Title read and adopted, bill ordered to the House. Motion to reconsider tabled.
03/11/2008 - SB10: Read by title, engrossed and passed to a third reading.
03/10/2008 - SB10: Reported favorably.
03/09/2008 - SB10: Introduced in the Senate, rules suspended, read first and second time by title and referred to the committee on Revenue and Fiscal Affairs.
03/07/2008 - SB10: Prefiled and under the rules provisionally referred to the committee on Revenue and Fiscal Affairs.