General Assembly Proposed Bill No. 5105
February Session, 2016 LCO No. 690
*00690*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. SIMMONS, 144th Dist.
General Assembly
Proposed Bill No. 5105
February Session, 2016
LCO No. 690
*00690*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. SIMMONS, 144th Dist.
AN ACT CONCERNING THE REPEAL OF MANDATORY COMBINED REPORTING.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to repeal mandatory combined reporting for the purposes of calculating a business' corporate income tax, otherwise known as the unitary tax.
Statement of Purpose:
To remove burdensome requirements on businesses by repealing mandatory combined reporting for the purposes of calculating a business' corporate income tax.