2020 Senate Bill 1102

Revise state business tax detail

Introduced in the Senate

Sept. 10, 2020

Introduced by Sen. Aric Nesbitt (R-26)

To revise details of the state business income tax related to limitations on interest expense deductions for a “unitary business group”.

Referred to the Committee on Finance

Nov. 10, 2020

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

Dec. 9, 2020

Passed in the Senate 24 to 13 (details)

Received in the House

Dec. 10, 2020

Referred to the Committee on Ways and Means