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2003 Regular Session bill information current as of December 15, 2003 - 8:58 a.m.
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SENATE BILL 392

File Code: Taxes - Income

Sponsored By:
Senators Pinsky, Britt, Frosh, Green, Grosfeld, Hollinger, Kelley, and Middleton

Entitled:
Corporate Income Tax - Apportionment of Income of Multistate Corporations - Throwback Rule

Synopsis:

Requiring that specified sales of tangible personal property be attributed to the State for purposes of the sales factor used for apportioning a corporation's income to the State if the corporation is not taxable in the state of the purchaser; and applying the Act to tax years beginning after 2002.

History by Legislative Date

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 Leo E. Green, District 23
Senator Sharon M. Grosfeld, District 18
Senator Paula C. Hollinger, District 11
Senator Delores G. Kelley, District 10
Senator Thomas M. Middleton, District 28

Bill indexed under the following Subjects:

CORPORATIONS -see also- MUNICIPAL CORPORATIONS
INCOME TAX
INDUSTRY AND TECHNOLOGY
INTERSTATE AFFAIRS

Bill affects the following Statute:

Tax - General
( 10-402 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading, Enrolled

Fiscal Note: Available (WORD / PDF)

Amendments: None offered


Top Sponsors Title Synopsis History Sponsor List Subjects Statutes Documents Another Session Another Bill