Repeals the refundable income and corporation franchise tax credit for ad valorem property taxes paid to local governments on inventory
Repeals the corporate income and franchise taxes and prohibits certain corporate taxpayers from claiming certain refundable tax credits
Defines" inventory" for purposes of the tax credit for ad valorem taxes paid on inventory (EN NO IMPACT GF RV See Note)
Repeals the corporate income tax and franchise taxes and prohibits certain corporate taxpayers from claiming certain refundable tax credits (Items #3, 5, 19, 26, and 28)
Eliminates the refundability of the tax credit for ad valorem taxes paid on inventory by certain taxpayers (Item #26)
Repeals tax credits for local inventory taxes paid. (gov sig)
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 for the carryforward rather than the refund of the tax credit for ad valorem taxes paid on inventory
Phases-out the corporate franchise tax and repeals certain income and corporate franchise tax credits (OR -$34,000,000 GF RV See Note)
Increases the refundable amount of the tax credit for local inventory taxes paid to political subdivisions (Item #31) (OR -$20,000,000 GF RV See Note)