SB1090 (CH0341)

Find a 2018 Bill:

2018 Regular Session



Corporate Income Tax - Single Sales Factor Apportionment

Sponsored by:

Senator Peters


Approved by the Governor - Chapter 341

Synopsis:Altering the formula used to apportion certain income to the State for certain corporations that carry on a trade or business within and outside the State; authorizing certain corporations to elect to use a certain formula to apportion certain income; requiring certain corporations to apportion certain income from certain intangible investments in a certain manner; and applying the Act to all taxable years beginning after December 31, 2017.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Peters and Guzzone
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Federal Government
Foreign Trade -see also- International Affairs
Income Tax
Interstate Affairs
Public Service Commission
Telecommunications and Information Technology
Statutes:Article - Tax - General

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May 11, 2018 2:04 P.M.