2003 Regular Session

HOUSE BILL 1048

File Code: Taxes - Income
Sponsored By:
Delegate C. Davis
Entitled:
Corporate Income Tax - Intercompany Pricing

Synopsis:

Authorizing the Comptroller to allocate gross income, deductions, credits, or allowances between and among two or more organizations, trades, or businesses that are directly or indirectly controlled by the same interests if the Comptroller determines that the allocation is necessary to reflect an arms' length standard and to clearly reflect the income of the organizations, trades, or businesses; etc.

History by Legislative Date

House Action
2/18
First Reading House Rules and Executive Nominations
2/27
Re-referred Ways and Means
Hearing 3/11 at 1:00 p.m.
Senate Action
No Action
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMPTROLLER
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
EXEMPTIONS
INCOME TAX
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 10-109 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered