SB 381 & SB 490 Increases exemption to corporate activity tax
SB 381 and SB 490 increases the exempt amount and the filing threshold for the corporate activity tax (CAT). Applies to tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die. A tax is not owed under this section if the person’s taxable commercial activity does not exceed [$1 million] $5…