Increases the exempt amount and the filing threshold for purposes of the corporate activity tax.

Summary

Digest: Raises the exemption and filing thresholds for the CAT. Starts with the tax year 2026. Becomes law 91 days from sine die. (Flesch Readability Score: 72.4). Increases the exempt amount and the filing threshold for purposes of the corporate activity tax. Applies to tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.