Friday, March 12, 2010

Sin No More

While the House seeks to tax sin, the Senate approach is to correct the sins of its businesses by making sure they pay taxes.

SB 6873, titled AN ACT Relating to increasing state revenues to preserve funding for essential public services by preventing abusive tax avoidance transactions, narrowing or eliminating certain tax preferences, and providing equitable tax treatment, has been introduced in the Senate. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers or affected feepayers. (bolding added)

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