Corporate Income Tax - Single Sales Factor Apportionment Exemption - Worldwide Headquartered Company Election
Sponsor: Guy Guzzone (District 13)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Favorable Report by Budget and Taxation (as of Sep 19, 2019)
What this bill does
Official synopsis
Requiring a certain worldwide headquartered company, if the company's parent corporation is a franchisor, to employ at the parent corporation's principal executive office in the State at least 400 full-time employees at all times between July 1, 2017, and June 30, 2020, in order to elect to use a certain formula to apportion certain income to the State for purposes of the income tax on corporations; and providing for the application of the Act.
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Testimony (0)
MGA witness listNo witness list on file. It is scraped after hearings are scheduled; check the MGA link above.