03/14/2019 The House and the Senate approved, each by a very large margin, the repeal of the Bank Franchise Tax which was added to HB354 during conference |
02/22/2019 HB 354, the general tax package, was voted out of the House yesterday without any language addressing our bank tax imbalance. The magnitude of the bank tax issue was underscored by the number of calls that began pouring into the KBA office on Thursday from bankers whose legislators were pointing out that the language wasn’t in the bill. |
04/03/2018 The legislature once again stuck it to the banking industry by lowering the corporate rate to 5% while leaving the Bank Franchise tax intact. |