Corporate Income Tax – Throwback Rule

Bill Number:  HB1051

Bill Sponsor(s):  Delagate Young, P.

Subject:  Ways and Means

Bill Summary:

Requiring that certain sales of tangible personal property be attributed to the State for apportionment purposes under the corporate income tax if the corporation is not taxable in the state of the purchaser; and applying the Act to taxable years beginning after December 31, 2017.

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