Provides for the elimination of the refundability of certain corporation income and franchise tax credits. (See Act)
Establishes a maximum threshold for the reduction of tax liability due to the application of certain tax credits
Changes certain refundable tax credits to nonrefundable tax credits (OR +$81,000,000 GF RV See Note)
Changes certain refundable tax credits to nonrefundable tax credits. (See Act)
Repeals the corporation franchise tax and limits eligibility of certain credits to be claimed against corporation franchise tax (Item #3) (EN -$574,000,000 RV See Note)
Repeals the corporation franchise tax and removes eligibility of certain tax credits to be claimed against corporation franchise tax (OR -$324,000,000 GF RV See Note)
Changes certain refundable tax credits to nonrefundable
Phases-out the corporate franchise tax. (See Act) (EN -$163,000,000 GF RV See Note)