SB 127/HB 2433 increases CAT tax threshold SUPPORT

SB 127



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In CommitteePublic Hearing 02/15/2023 3:00pm HR A
Status (overview) of bill:
Committee assigned to bill:

This bill raises the  Corporate Access Tax threshold to $5 million. Raising the threshold from $1 million to $5 million would give and exemption of approximately 13000 small-med businesses

The CAT tax needs some accountability. Taxpayers are not seeing
measurable returns in any improvement in education and the entire CAT tax needs to be repealed and not add to inflation.