Marvin Nelson on Corporations
Opposed across-the-board corporate and income tax cuts
Excerpts from legislation: SB 2349: Reduces Individual and Corporate Income Taxes:
- Change highest bracket from $398,350 to $411,500 for individuals [and analogous for other brackets and categories]
A tax is hereby imposed upon the taxable income of every domestic and foreign corporation [at these new rates]:
- For the first $25,000 of taxable income: decrease the rate from 1.48% to 1.41%
On all taxable income exceeding $25,000, decrease the rate from 3.73% to 3.55%
- On all taxable income exceeding $50,000 decrease the rate from 4.53% to 4.31%.
Legislative outcome: Nelson voted NAY; bill passed Senate 33-14 on Feb. 18; bill passed House 59-32-3 April 17; Governor Dalrymple signed April 23 !
Source: North Dakota legislative voting record on SB 2349
, Apr 17, 2015
Page last updated: Dec 24, 2019