SB 2016-031: Corporate Tax Reform Bill

[tmthforu94]

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[tmthforu94]

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[tmthforu94]

For reference, it looks like this is what the corporate tax rates currently are:
Corporate Taxes (By Tax Bracket)
$0-$50K (15%): $ 16.3 B     
$50K-$75K (25%): $5.4 B   
$75K-$100K (34%): $6.8 B   
$100K-$335K (39%): $9.6 B   
$335K-$10M (34%): $22.8  B   
$10M-$15M (38%): $3.9 B   
$15M-$18.3M (35%): $15.2 B
$18.3M+ (35%): $245.0 B                           

[tmthforu94]

I'd want to see a slight cut for the 50-75K bracket, perhaps to 20%

Well, under the proposed bill it is cut to:
• 100K - 1M: 15%
• 1M - 10M: 21.5%
• 10M+: 28%


FYI, thank you, Speaker NeverAgain, for writing this. I can tell it took a lot of work, and I think it looks great. Just for clarification, on your proposed corporate taxes, would businesses under 100K not pay anything?