To modify the business and occupation tax on investment income received by corporations. The bill repeals the B&O tax credit for moneys derived as dividends or distributions from the capital account by a parent from its subsidiary entities, and moneys derived from interest on loans between subsidiary entities and a parent entity or between subsidiaries of a common parent entity. The exemption would only apply if the total investment and loan income is less than 5% of gross receipts of the business annually.   Official Text and Analysis.