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2003 Regular Session bill information current as of December 15, 2003 - 8:59 a.m.
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SENATE BILL 397

File Code: Taxes - Income

Sponsored By:
Senators Pinsky, Britt, Frosh, Grosfeld, and Kelley

Entitled:
Income Tax - Multistate Corporations - Allocation of Nonapportionable Income

Synopsis:

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.

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 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 )

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