SENATE BILL 727

File Code: Taxes - Income

Sponsored By:

Senator Stoltzfus

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 arm's length standard and to clearly reflect the income of the organizations, trades, or businesses; etc.

History by Legislative Date

Senate Action

2/26

First Reading Senate Rules

3/3

Re-referred Budget and Taxation

Hearing 3/12 at 1:30 p.m.

House 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