Business tax bill gets derailed in the Senate

Taxpayer Association Update

HB 3405-9 which raises the corporate minimum tax was pulled off the Senate floor after it failed ot get enough votes. All the Republicans voted against thebill and the final straw was the lone Democrat Senator Mark Hass who refused tov ote for it unless the tax had a sunset in it. The idea of a time limit to the tax was something fellow Democrat Joanne Verger spoke about on the floor although she did for it. It is rare for such an important bill to be derailed on the floor by the controlling party. The bill will likely be amended and brougth back to the floor for a vote and be revoted on in the House.