S05431Introduced in the Senate
Reinstates a bank tax based on the highest of four bases: a tax on allocated entire net income, a tax on allocated alternative entire net income, a tax on allocated taxable assets, or a fixed dollar minimum tax; prohibits banks from segregating their income and capital into business and investment varieties.
Introduced by James Skoufis, District 42
What does this bill do?
Plain-English breakdown
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Official description
Reinstates a bank tax based on the highest of four bases: a tax on allocated entire net income, a tax on allocated alternative entire net income, a tax on allocated taxable assets, or a fixed dollar minimum tax; prohibits banks from segregating their income and capital into business and investment varieties.
Where it stands
REFERRED TO BUDGET AND REVENUE
January 7, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
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Bill history
REFERRED TO BUDGET AND REVENUE
REFERRED TO BUDGET AND REVENUE
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