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2014 SESSION

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SB 515 Domestic international sales corporations (DISC); exempt from income taxation.

Introduced by: Frank W. Wagner | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Domestic international sales corporations; income taxation. Exempts a domestic international sales corporation (DISC) from income taxes beginning with taxable year 2014. This bill is identical to HB 480.

SUMMARY AS INTRODUCED:

Domestic international sales corporations; income taxation. Exempts a domestic international sales corporation (DISC) and any income attributable to a DISC from income taxes.