SB 127/HB 2433 increases CAT tax threshold
This bill raises the Corporate Access Tax threshold to $5 million. Raising the threshold from $1 million to $5 million would give and exemption of approximately 13000 small-med businesses The CAT tax needs some accountability. Taxpayers are not seeing measurable returns in any improvement in education and the entire CAT tax needs to be repealed and not add to inflation….
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