File Code: Taxes - Miscellaneous
Crossfiled with: HOUSE BILL 1135
- Sponsored By:
-
Senator Jones
- 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
- 2/4
- First Reading Budget and Taxation
- 2/23
- Hearing 3/9 at 1:00 p.m.
House Action
- No Action
Bill indexed under the following Subjects:
- ASSESSMENTS
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- 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 ,
10-725
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered