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CT HB06459

Bill

Official Source

Status

Introduced

1/28/2019

Primary Sponsor

Themis Klarides

Click for details

Origin

House of Representatives

2019 General Assembly

AI Summary

  • Replace the capital base tax apportionment formula with a single-factor apportionment formula for taxpayers taxable both within and outside Connecticut.

  • Exempt corporations with less than $500,000 in revenue from the capital base tax.

  • Amend chapter 208 of the general statutes to implement these changes.

  • Referred to the Committee on Finance, Revenue and Bonding.

Legislative Description

An Act Concerning The Capital Base Tax.

Last Action

Public Hearing 03/04

2/28/2019

Committee Referrals

Finance, Revenue and Bonding1/28/2019

Full Bill Text

No bill text available