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CT HB05039

Bill

Official Source

Status

Introduced

2/10/2020

Primary Sponsor

Stephen Harding

Click for details

Origin

House of Representatives

2020 General Assembly

AI Summary

  • Repeals the combined reporting requirement for businesses when calculating corporate tax liability in Connecticut
  • Amends Title 12 of the general statutes governing taxation
  • Combined reporting currently requires affiliated corporate groups to file consolidated tax returns, aggregating income across related entities
  • Introduced by Rep. Harding (107th District) and referred to the Finance, Revenue and Bonding Committee

Legislative Description

An Act Repealing Combined Reporting For Businesses' Corporate Tax Liability.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/10/2020

Committee Referrals

Finance, Revenue and Bonding2/10/2020

Full Bill Text

No bill text available