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Glossary of Legislative Terms

SB 1236: State Revenues

GENERAL BILL by Richter

State Revenues; Provides for the gradual reduction of the corporate income tax rate and the termination of the tax over a specified time. Provides for the revenue from the cigarette surcharge to be deposited into the General Revenue Fund. Provides for the revenue from the surcharge on tobacco products to be deposited into the General Revenue Fund. Specifies additional taxes against which a taxpayer may claim a credit for an eligible contribution to an eligible nonprofit scholarship-funding organization to include taxes or surcharges on tobacco products, etc.

Effective Date: 7/1/2011
 Last Action: 5/7/2011 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Budget (BC)


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Bill History

Date Chamber Action
2/18/2011 Senate • Filed
3/7/2011 Senate • Referred to Commerce and Tourism; Budget -SJ 92
3/8/2011 Senate • Introduced -SJ 92
4/20/2011 Senate • On Committee agenda-- Commerce and Tourism, 04/25/11, 8:30 am, 401 Senate Office Building --Temporarily Postponed
4/21/2011 Senate • On Committee agenda-- Budget, 04/26/11, 9:45 am, 412 Knott Building --Not Received
5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Commerce and Tourism