Relating to taxation;

ARTICLE 1 - CORPORATE TAX REFORM

Requiring foreign operating corporate tax return filing; expanding domestic corporation definition to include foreign corporation incorporated in or doing business in tax haven and defining tax haven; removing foreign operating corporation tax privileges; modifying JOBZ tax benefits; reducing the corporate franchise tax rates; modifying apportionment of income; repealing foreign operating corporations; special apportionment formula for certain mail order businesses

ARTICLE 2 - SCHOOL SHIFT REQUIREMENTS

Authorizing the repayment of school aid payments and property tax recognition shifts with revenue raised from the corporate tax provisions modifications
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