File Code: Taxes - Miscellaneous
- Sponsored By:
-
Senator Jones-Rodwell
- Entitled:
-
Taxation of Corporations - Alternative Minimum Assessment
Imposing an alternative minimum assessment (AMA) on corporations doing
business in the State; providing for the computation of the AMA as a
percentage of a corporation's gross receipts or gross profits, based
on an election made by the corporation; limiting the AMA 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; applying the Act to tax years after
2010; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 3/9
- First Reading Senate Rules
- Motion Rules Suspended for late introduction (Senator Jones-Rodwell) Adopted
- Referred Senate Rules
- 3/14
- Re-referred Budget and Taxation
- Hearing 3/23 at 1:00 p.m.
House Action
- No Action
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 ,
10-729
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Available
- Amendments:
None offered
