2016-02-12                     House Journal                      Page 1620
HB 309                                                                                                                        
HOUSE BILL NO. 309 by Representative Gara, entitled:                                                                            
                                                                                                                                
    "An Act bearing the short title of the 'Corporate Tax Loophole                                                              
    Elimination Act'; establishing an individual income tax for the                                                             
    taxation of certain S corporation income; relating to exemptions                                                            
    from the tax on corporations; repealing tax credits applied against                                                         
    the tax on individuals; and providing for an effective date."                                                               
                                                                                                                                
was read the first time and referred to the Labor & Commerce and                                                                
Finance Committees.