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CT HB05190

Bill

Official Source

Status

Introduced

2/16/2010

Primary Sponsor

Patricia Dillon

Click for details

Origin

House of Representatives

2010 General Assembly

AI Summary

  • Amends Chapter 208 of the general statutes to impose a one million dollar cap on noncash compensation deductions for corporations.
  • Limits the amount of noncash compensation companies may deduct from net income when calculating corporation business tax liability.
  • Referred to the Committee on Finance, Revenue and Bonding during the February 2010 legislative session.
  • Introduced by Representative Dillon of the 92nd District.

Legislative Description

An Act Concerning The Deductibility Of Noncash Compensation For Purposes Of The Corporation Business Tax.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/16/2010

Committee Referrals

Finance, Revenue and Bonding2/16/2010

Full Bill Text

No bill text available