Three bills to repeal the limited liability entity tax (HB 87, HB 88, and HB 119) are dying a slow and painful death in the House Appropriations & Revenue Committee.
Another bill designed to lessen the impact of the LLET (more commonly known as AMC or AMT, it's the income tax for businesses who are losing money) is HB 480. Just filed last week, it may have a chance.
If you want to see this bad tax repealed, you should probably call your legislator. Before he or she gets completely shut out of the process, that is.
