File Code: Taxes - Income
- Sponsored By:
-
Senators Pinsky, Britt, Frosh, Grosfeld, and Kelley
- Entitled:
-
Income Tax - Multistate Corporations - Allocation of Nonapportionable
Income
Providing that, to the extent allowed under the Constitution of the
United States, if the principal place from which the trade or business
of a corporation is directed or managed is in the State, the
corporation's income that is not apportionable under the Constitution
of the United States shall be allocated to the State for income tax
purposes; applying the Act to tax years after 2002; etc.
Senate Action
- 1/31
- First Reading Budget and Taxation
- 2/12
- Hearing 3/5 at 12:30 p.m.
House Action
- No Action
- Sponsored by:
- Senator Paul G. Pinsky, District 22
- Senator Gwendolyn Britt, District 47
- Senator Brian E. Frosh, District 16
- Senator Sharon M. Grosfeld, District 18
- Senator Delores G. Kelley, District 10
- Bill indexed under the following Subjects:
- CORPORATIONS -see also- MUNICIPAL CORPORATIONS
- INCOME TAX
- INTERSTATE AFFAIRS
- Bill affects the following Statute:
- Tax - General
- (
10-402
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
