Tuesday, March 27, 2012
Inventory tax credit scheme passes house; corporate welfare bill will take $350M from state coffers
At a time when the Republican budget slashes funding for education and virtually every other state service, the Republican House has passed a bill that would slash $350,000,000.00 from the state general fund over the next 6 years. HB 536 would do away with the inventory tax by giving corporations tax credits against the ad valorem taxes they pay.
Posted by Cottonmouth