SB 1596: Corporate Income Tax
GENERAL BILL by Rodriguez
Corporate Income Tax; Revising the definition of the term “adjusted federal income” to prohibit specified deductions, to limit certain carryovers, and to require subtractions of certain amounts 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; specifying requirements for, limitations on, and prohibitions in calculating and reporting income in a water’s edge group return, etc.
Last Action: 3/14/2020 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
• Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 157
• Introduced -SJ 157
• Indefinitely postponed and withdrawn from consideration
• Died in Commerce and Tourism
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