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<-PREVIOUS SLIDE - SLIDE 16 OF 24 - NEXT SLIDE->

The Senate focused on corporate tax cuts and eventually passed SB 884

The bill generated an additional $90 million (we suspect it will be much higher) by fixing the corporate apportionment loophole the legislature created in 2014.
In return, the legislature cut the corporate tax rate by $119 million.

In the end, the bill will conservatively cost the state $30 million each year. However, the corporate changes could improve - we'll have to see.

If you take the two bills together, it will generate an additional $30 million annually.

That doesn't sound like much. And it's really not. But when you consider the state's trajectory it has been on lately, perhaps this is the bottom of the slide and we're able to climb out now.