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2021 Senate Bill 392: Cut state business income tax rate
Introduced by Sen. Jon Bumstead (R) on April 27, 2021
To cut the state’s business income tax rate from 6% to 5.95% in 2021, and 4.9% in 2022 and thereafter.   Official Text and Analysis.
Referred to the Senate Finance Committee on April 27, 2021
Reported in the Senate on June 3, 2021
With the recommendation that the bill pass.
Amendment offered by Sen. Jeff Irwin (D) on March 3, 2022
To tie-bar the bill to Senate Bill 417, meaning this bill cannot become law unless that one does also. HB 417 would increase the state's earned income tax credit.
The amendment failed 15 to 22 in the Senate on March 3, 2022.
    See Who Voted "Yes" and Who Voted "No".
To cut the state’s business income tax rate from 6% to 3.9% starting Jan. 1 2022.
Received in the House on March 3, 2022
Referred to the House Tax Policy Committee on March 3, 2022

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