Income tax act of 1967: amend sections 623 and 695

What it does: Changes how corporate income tax revenue is distributed: after $50 million for housing, up to $2.2 billion a year goes 90% to local road agencies and 10% to the State Trunkline Fund; the rest goes to the general fund. (AI-written summary of the bill; the official record shows the exact version voted)

Question before the chamber: Third reading and passage

Read the official record ↗