SB5815 modifies business and occupation tax rates, surcharges, and caps, and creates a temporary surcharge on large companies.

SB5815 modifies business and occupation tax rates, surcharges, and caps, and creates a temporary surcharge on large companies. It adjusts rates for various businesses, including manufacturing, aerospace, and financial institutions. The bill also clarifies the business and occupation tax deduction for certain investments and imposes a temporary surcharge on large companies with annual revenues over $250 million. Revenues from the surcharge will support education, health care, and social services.

SB5815 modifies business and occupation tax rates, surcharges, and caps, and creates a temporary surcharge on large companies.

SB5815 modifies business and occupation tax rates, surcharges, and caps, and creates a temporary surcharge on large companies. It adjusts rates for various businesses, including manufacturing, aerospace, and financial institutions. The bill also clarifies the business and occupation tax deduction for certain investments and imposes a temporary surcharge on large companies with annual revenues over $250 million. Revenues from the surcharge will support education, health care, and social services.