Establishes the Corporate Tax Apportionment Program for the granting of contracts for certain businesses to utilize the single sales factor to compute their taxable for income tax purposes and their taxable capital for franchise tax purposes. (7/1/12) (EG DECREASE GF RV See Note)
Levies a flat corporate income tax, repeals the corporation franchise tax, repeals deductibility of federal income taxes paid, and terminates certain income tax credits (OR DECREASE GF RV See Note)
Repeals corporate income and corporation franchise taxes
Reduces income and corporation franchise tax credits (EN +$31,500,000 GF RV See Note)
Repeals individual income, corporate income, and corporate franchise taxes and repeals all credits, deductions, exemptions, and exclusions from the taxes (OR DECREASE GF RV See Note)
Creates the Corporate Headquarters Relocation Program. (7/1/12) (EG DECREASE GF RV See Note)
Creates the Corporate Headquarters Relocation Program which authorizes a rebate for certain costs related to the relocation of certain corporate headquarter projects (EN DECREASE GF RV See Note)
Authorizes the use of motion picture investor tax credits against corporation franchise and severance taxes (EG INCREASE GF RV See Note)
Phases-out corporation income and corporation franchise taxes over a 10-year period (OR -$30,000,000 GF RV See Note)
Phases out corporation income and corporation franchise taxes over a 10-year period (OR -$76,000,000 GF RV See Note)