Opponents object to commerce tax

The joint Senate Finance/Assembly Ways and Means committees held their second extended hearing into the compromise business tax plan proposed by the governor.The plan is a combination of the flat business license fee, a raised Modified Business Tax and a new commerce tax based on business revenue designed to generate $755 million including $262 million in new revenue.Most of the testimony – especially the opposition — focused on the commerce tax provisions that set different rates for 27 di