HB 1223: Corporate Income Taxes
GENERAL BILL by Kriseman
Corporate Income Taxes; Limits deductions of certain intangible expenses, licensing fees, & management fees paid by taxpayer to related entity; creates exceptions to limitations on deductions; requires adjustment of income of related entity; limits number of times certain items may be added or subtracted from taxable income; specifies information relating to transactions with related entities which must be contained in corporate income tax return, etc.
Effective Date: upon becoming a law
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/4/2011 | House |
• Filed |
| 3/8/2011 | House |
• Introduced -HJ 107 |
| 3/14/2011 | House |
• Referred to Finance and Tax Committee; Rulemaking and Regulation Subcommittee; Appropriations Committee -HJ 220 |
| 5/7/2011 | House |
• Indefinitely postponed and withdrawn from consideration • Died in Finance and Tax Committee |
