| TO: | Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means |
| FROM: | Ursula Parks, Director, Legislative Budget Board |
| IN RE: | HB509 by Murphy (relating to the phaseout and repeal of the franchise tax; lowering the rates of the taxes.), Committee Report 1st House, Substituted |
The impact on the overall distribution of a state tax or fee burden among individuals and businesses anticipated from the provisions of this bill cannot be determined at this time.
| Source Agencies: |
| LBB Staff: | UP, KK
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