HF 2480
Status in the House - 87th Legislature (2011 - 2012)
Revisor number: 12-5331
Bill Text Versions
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Introduction
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Posted on 02/23/2012 |
Description
Income and corporate franchise taxation foreign source income preferences eliminated, foreign royalties subtraction repealed, domestic corporations definition expanded; JOBZ tax benefits and apportionment of income modified; corporate franchise tax rates reduced; foreign operating corporations and mail order businesses special apportionment formula repealed; and school aid payment and property tax recognition shifts repaid.