General Assembly Proposed Bill No. 6068
January Session, 2015 LCO No. 902
*00902*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BUMGARDNER, 41st Dist.
General Assembly
Proposed Bill No. 6068
January Session, 2015
LCO No. 902
*00902*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BUMGARDNER, 41st Dist.
AN ACT CONCERNING CORPORATION BUSINESS TAX REFORMS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 208 of the general statutes be amended to reform the corporation business tax by (1) implementing combined reporting requirements for any unitary business, (2) adopting single sales factor apportionment, and (3) reducing the overall corporation business tax rate for C corporations.
Statement of Purpose:
To reform the corporation business tax by (1) implementing combined reporting requirements for unitary businesses, (2) adopting single sales factor apportionment, and (3) reducing the overall corporation business tax rate for C corporations.