Tax Payer Pay Raise Act; remove phase out of income & franchise tax & remove deduction of federal employment tax.
Taxation; freeze phase-in of income tax cuts and phase out of corporation franchise tax.
Suspends the corporation franchise tax levied on certain taxable capital and suspends the initial corporation franchise tax levied on certain entities (Item #16) (EG -$10,200,000 GF RV See Note)
Phases-out the corporate franchise tax over four years (OR -$324,000,000 GF RV See Note)
Extends the termination date of the exemption from corporate franchise tax for small business corporations. (See Act) (EN -$55,900,000 GF RV See Note)
Suspends the lower tier of the corporation franchise tax levied on domestic and foreign corporations and the initial tax levied on certain business entities subject to the corporate franchise tax (EN -$5,800,000 GF RV See Note)
Personal income taxes: credits: child poverty tax credit.
California State University and California Community Colleges: course articulation: ethnic studies.