Among the outlandish bills sponsored by Republican lawmakers I had mentioned a couple of weeks ago was one that would have repealed (yes, repealed) the state income tax on corporations.
It didn’t pass. Now don’t be surprised if the bill resurfaces when the GOP takes over the Legislature in January.
Is it mere coincidence that new Republican governors in South Carolina and Florida have proposed the same idea as a priority in their 2012 legislative sessions?
As the corporate no-tax push in Republican legislatures seems gaining headway, a timely new report has been issued by two non-profit tax study groups. It shows that a high percentage of major companies dodged state corporate income taxes during a three-year period beginning in 2008.