File Code: Taxes - Income
Prior Year Introduction As:
SB 979/11 - B&T
- Sponsored By:
-
Senators Jones-Rodwell and Montgomery
- 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 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; applying the Act to tax years after 2011; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
For explanation of terms
click here.
Senate Action
- 1/25
- First Reading Budget and Taxation
- 2/1
- Hearing 2/15 at 1:00 p.m.
- 2/8
- Hearing cancelled
- Hearing 2/15 at 1:15 p.m.
- 3/5
- Unfavorable Report by Budget and Taxation Withdrawn
House Action
- No Action
Sponsored by:
- Senator Verna L. Jones-Rodwell, District 44
- Senator Karen S. Montgomery, District 14
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
,
10-731
)
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
