Committee: Finance and Taxation General Fund | Sponsor: Clouse |
Analyst: JT Mathis | Date: 03/15/2022 |
FISCAL NOTE
House Bill 391 as passed the House of Representatives would 1) reduce the minimum Business Privilege Tax (BPT) due for tax year 2023 from $100 to $50, and 2) eliminate the minimum BPT due beginning with tax year 2024 and thereafter. These provisions would reduce receipts to the State General Fund by an estimated $11.5 million in Fiscal Year 2023 and $23 million in Fiscal Year 2024 and each fiscal year thereafter.
Greg Albritton, Chairperson Finance and Taxation General Fund |