| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 3113 1 of 1 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 6459 | |
| 6 | 6 | January Session, 2019 | |
| 7 | 7 | LCO No. 3113 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on FINANCE, REVENUE AND | |
| 11 | 11 | BONDING | |
| 12 | 12 | ||
| 13 | 13 | ||
| 14 | 14 | Introduced by: | |
| 15 | 15 | REP. KLARIDES, 114th Dist. | |
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | AN ACT CONCERNING THE CAPITAL BASE TAX. | |
| 20 | 20 | Be it enacted by the Senate and House of Representatives in General | |
| 21 | 21 | Assembly convened: | |
| 22 | 22 | ||
| 23 | 23 | That chapter 208 of the general statutes be amended to (1) replace, 1 | |
| 24 | 24 | for a taxpayer taxable within and without the state, the apportionment 2 | |
| 25 | 25 | formula used for the capital base tax with a single -factor 3 | |
| 26 | 26 | apportionment formula, and (2) exempt corporations with less than 4 | |
| 27 | 27 | five hundred thousand dollars in revenue from the capital base tax. 5 | |
| 28 | 28 | Statement of Purpose: | |
| 29 | 29 | To encourage business investment within the state by replacing the | |
| 30 | 30 | capital base tax apportionment formula and to exempt corporations | |
| 31 | 31 | with less than five hundred thousand dollars in revenue from the | |
| 32 | 32 | capital base tax. |