LLC Tax Increase Pending, Contact your Senator Today!

Author: Miranda Bond Date: April 03, 2014

Contact your Senator here

House Bill 265 was approved by the House in a 26-13 vote. HB 265 will raise the annual tax on Limited Liability Companies, Limited Partnerships and General Partnerships from $250 to $300.  The minimum annual Corporation Finance Tax would be increased from $75 to $175.  Combined, the tax hikes would take an additional $51 million annually from businesses. 

HB 265 now goes to the Senate for a vote, it's important that you contact your Senator today and ask him/her to OPPOSE HB 265.

In the governor’s budget address he said this tax will not burden local businesses. Your Senator need to hear that you will be impacted.

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