File Code: Taxes - Miscellaneous
- Sponsored By:
-
Senators Jones and Frosh
- Entitled:
-
Taxation of Corporations - Alternative Minimum Assessment
Imposing an alternative minimum assessment on corporations doing
business in the State; providing for the computation of the
alternative minimum assessment as a percentage of a corporation's
gross receipts or gross profits, based on an election made by the
corporation; limiting the alternative minimum assessment to $5,000,000
for any corporation and to $20,000,000 for affiliated groups of
corporations; providing for credits against the corporate income tax
under specified circumstances; etc.
Senate Action
- 10/29
- First Reading Budget and Taxation
House Action
- No Action
Sponsored by:
- Senator Verna L. Jones, District 44
- Senator Brian E. Frosh, District 16
Bill indexed under the following Subjects:
- Assessments
- Corporations -see also- Municipal Corps; Public Corps & Inst
- Income Tax
- Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
- Tax Credits -see also- Circuit Breaker
Bill affects the following Statutes:
- Tax - General
- (
1-101 ,
10-102.2
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Not available at this time
- Amendments:
None offered
