- Corporate Income Tax - Single Sales Factor Apportionment Exemption - Worldwide Headquartered Company Election
- Sponsored by
- Senator Guzzone
- In the Senate - Hearing 3/04 at 1:00 p.m.
Requiring a certain worldwide headquartered company, if the company's parent corporation is a franchisor, to employ at the parent corporation's principal executive office in the State at least 400 full-time employees at all times between July 1, 2017, and June 30, 2020, in order to elect to use a certain formula to apportion certain income to the State for purposes of the income tax on corporations; applying the Act to taxable years beginning after December 31, 2019; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2020
Last Updated: 2/14/2020 12:59 PM