SB 1590: Corporate Income Tax
GENERAL BILL by Rich ; (CO-INTRODUCERS) Braynon ; Ring ; Sobel ; Gibson
Corporate Income Tax; Defining the terms “tax haven” and “water’s edge group”; providing rules and criteria to determine if a corporation is a member of a water’s edge group; requiring a member of a water’s edge group having nexus with this state to file a single return for the water’s edge group; revising criteria applicable to determining whether a sale of tangible personal property occurs in this state; deleting provisions relating to the filing of consolidated returns by affiliated groups of corporations composed of banks or savings associations, their parent corporations, and certain subsidiaries of the parent corporation, etc.
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
- Commerce and Tourism (CM)
- Budget (BC)
• Referred to Commerce and Tourism; Budget -SJ 219
• Introduced -SJ 220
• Died in Commerce and Tourism
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