Bill
SF 2780
Overview: SF 2780 - Department of Revenue making available certain corporate franchise tax information requirement provisionPurpose and Intent: The bill aims to require the Departm
Overview: SF 2780 - Department of Revenue making available certain corporate franchise tax information requirement provision
Purpose and Intent: The bill aims to require the Department of Revenue to make certain corporate franchise tax information publicly available.
Key Provisions:
- Mandates the Department of Revenue to publish on its website the names and total franchise tax paid by the 100 corporations with the highest franchise tax liability in the state
- Requires the department to update this information annually
Affected Parties and Impacts:
- The top 100 corporations with the highest franchise tax liability in the state will have their tax payment information made public
- This increased transparency may lead to greater public scrutiny and accountability for corporate tax payments
Procedural and Timeline Considerations:
- The bill has been referred to the Taxes committee for further consideration
- If enacted, the Department of Revenue would be required to begin publishing the corporate franchise tax information within 6 months of the bill's effective date
Compiled from official sources — confirm details with the bill’s official record.
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