Did not become law. It stopped in the House of Representatives's Revenue Committee on June 27, 2025. The 2025 session has ended.
2025 Regular Session
House Bill 3975
Creates a corporate excise tax credit for each of the first three years that a bank does business in this state.
What it does
The synopsis the Legislative Assembly published with the bill.
Digest: The Act makes a new tax credit for new banks. (Flesch Readability Score: 100.0). Creates a corporate excise tax credit for each of the first three years that a bank does business in this state. Applies to banks that commence business in tax years beginning on or after January 1, 2026, and before January 1, 2032. Takes effect on the 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Chief co-sponsor
Its course
May 20 to June 27, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action4 actions on 4 days
In the House of RepresentativesMay 20 to Jun 27 · stopped38 days
Waiting for a committeeMay 20 to May 211 day
RevenueMay 21 to Jun 27 · stopped37 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives May 20 – Jun 27
All 4 actions, as published
- May 20First reading. Referred to Speaker's desk.House of Representatives
- May 21Referred to Revenue.House of Representatives
- Jun 12Public Hearing held.House of Representatives
- Jun 27In committee upon adjournment.House of Representatives