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2005 SESSION

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HB 2886 Master Settlement Agreement; deductibility of escrow funds.

Introduced by: David B. Albo | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Master Settlement Agreement; deductibility of escrow funds. Provides that the funds nonparticipating manufacturers are required to deposit into escrow pursuant to the Master Settlement Agreement are tax deductible if the manufacturer agrees to (i) release all escrowed funds to the state permanently; or (ii) accept in refund the escrow deposited less an amount commensurate to the tax deductions taken.


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