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Glossary of Legislative Terms

SB 562: Tax-exempt Income

GENERAL BILL by Hukill

Tax-exempt Income; Revising the amount of income that is exempt from the corporate income tax; revising the amount of income that is exempt from the franchise tax imposed on banks and savings associations, etc.

Effective Date: January 1, 2014, and applies to tax years beginning on or after January 1, 2014
 Last Action: 5/3/2013 Senate - Died in Appropriations Subcommittee on Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Subcommittee on Finance and Tax (AFT)
  3. Appropriations (AP)
  4. Rules (RC)


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Bill History

Date Chamber Action
1/31/2013 Senate • Filed
2/6/2013 Senate • Referred to Banking and Insurance; Appropriations Subcommittee on Finance and Tax; Appropriations; Rules -SJ 43
3/4/2013 Senate • On Committee agenda-- Banking and Insurance, 03/07/13, 8:00 am, 110 Senate Office Building
3/5/2013 Senate • Introduced -SJ 43
3/7/2013 Senate • Favorable by Banking and Insurance; YEAS 10 NAYS 1 -SJ 156
• Now in Appropriations Subcommittee on Finance and Tax -SJ 156
5/3/2013 Senate • Died in Appropriations Subcommittee on Finance and Tax