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FL H0717
M
Status
Failed
3/9/2012
Primary Sponsor
Joseph Abruzzo
Click for details
AI Summary
- Florida Legislature urges the United States Congress to cut the federal corporate tax rate.
- Combined U.S. federal-state corporate income tax rate exceeds 39 percent, the second-highest in the industrialized world compared to the OECD average of 25 percent.
- Seventy-five nations have cut their corporate taxes since 2007, making it harder for the United States to attract business investment and jobs.
- The OECD identifies corporate taxes as the most harmful tax for long-term economic growth by reducing investment, entrepreneurship, productivity, and wages.
- Copies of the memorial shall be sent to the President of the United States, the President of the United States Senate, the Speaker of the United States House of Representatives, and each member of the Florida Congressional delegation.
Legislative Description
Federal Corporate Tax Rate
Last Action
Died in Commerce and Tourism
3/9/2012
Committee Referrals
Commerce and Tourism3/5/2012
State Affairs1/11/2012
Federal Affairs Subcommittee11/29/2011
Full Bill Text
No bill text available