Individual income and corporate franchise tax provisions modified, and federal tax provisions conformity provided.
Certain conformity provision to federal tax provisions
individual income taxes, corporate franchise taxes, sales and use taxes, and other various taxes and tax-related provisions modified; various policy and technical changes made; income tax credits and subtractions modified; and enforcement, return, and audit provisions modified.
Taxes provisions modification
Corporate franchise and unitary taxation; unitary group expanded to foreign corporations.
Limited individual income tax subtraction permitted for income received from a retirement savings plan.
Imposition and allocation of certain taxes modified, tax analysis required, transportation funding impacts analysis required, retail delivery fee repealed, unlimited Social Security subtraction provided, previous appropriation and transfer modified, reports required, money transferred, and money appropriated.
Veterans and surviving spouses taxable Social Security benefits full subtraction provision