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2011 SESSION

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SB 1006 Income tax, corporate; market-based sourcing.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate income tax; market-based sourcing.  Changes the way the sales factor is determined, for purposes of the corporate income tax, so that it will be market-based sourcing rather than costs of performance, which is the current method used. The bill would become effective for taxable years beginning on or after January 1, 2012.


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