Closing Corporate Tax Loopholes with Combined Reporting

The Food & Business Tax Fairness Act (SB0502/HB1350 by Sen. Tim Burchett and Rep. Charles Sargent), would end a wide range of tax evasion strategies, that allow large, multi-state corporations to avoid paying the same taxes that our locally-owned and operated businesses must pay. Part of the revenue recovered from this reform would be used to pay for a modest reduction in the state food tax with the balance going to help meet the current budget shortfall.

Campaign Updates

Resolution requires combined reporting study

Support for Plan

Closing Loopholes

Food Tax Reduction

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The Food & Business Tax Fairness Act (SB0502/HB1350 by Sen. Tim Burchett and Rep. Charles Sargent), would end a wide range of tax evasion strategies, that allow large, multi-state corporations to avoid paying the same taxes that our locally-owned and operated businesses must pay. Part of the revenue recovered from this reform would be used to pay for a modest reduction in the state food tax with the balance going to help meet the current budget shortfall. Thank you for your time and attention in this matter.

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