SB 1692: Corporate Income Tax
GENERAL BILL by Rodriguez
Corporate Income Tax; Revising the definition of the term “taxpayer”; revising the definition of the term “adjusted federal income” to prohibit specified deductions, to limit certain carryovers, and to require subtractions of certain dividends paid and received within a water’s edge group for the purpose of determining subtractions from taxable income; specifying circumstances under which a corporation is presumed to be, deemed to be, or deemed not to be a member of a water’s edge group, etc.
• Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 217
• Introduced -SJ 216
• On Committee agenda-- Commerce and Tourism, 03/25/19, 1:30 pm, 110 Senate Building
• Unfavorable by Commerce and Tourism; YEAS 2 NAYS 2 -SJ 266
• Laid on Table
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