Urges and requests the House Committee on Ways and Means and the Senate Committee on Revenue and Fiscal Affairs to consider changes to the excess federal itemized deduction
Repeals the corporate income tax and franchise taxes and prohibits certain corporate taxpayers from claiming certain refundable tax credits (Items #43 & 44) (OR DECREASE GF RV See Note)
Provides relative to state and local sales and use tax exemptions for sales at publicly owned domed stadium facilities, baseball facilities, and other facilities (Item #35)
Provides for the modification of the sales and use tax exemption for domed stadium facilities, baseball facilities, and other publicly owned facilities. (Item #35)(gov sig) (REF SEE FISC NOTE GF RV)
Changes the rates and brackets for purposes of calculating individual income tax liability and eliminates certain deductions (Items #40 and 43) (EG +$25,000,000 GF RV See Note)