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.

• Bill summary
• Revenue estimate
• Legislative sponsors
• Printer-friendly handout

Campaign Updates

• Resolution requires combined reporting study

Support for Plan

• Business support
• Organizational support

Closing Loopholes

• YouTube video tutorial
• Overview of common corporate tax evasion strategies
• How combined reporting closes loopholes
• Frequently asked questions
• Additional resources
• CBPP report: 23 states now use combined reporing

Food Tax Reduction

• Food tax cut is about fairness
• Food fax rates
• Low-tax state for who?
• Food tax - income tax connection (Not)

Take Action!

• Email all 132 state legislators and the Governorin support of closing corporate tax loopholes
• Follow status of this bill in the General Assembly