IN HB1316

Legislative Description

Taxes and higher education bonding. (This proposed legislation does the following: (1) Sets forth the text of CC131604 adopted by the senate on March 14, 2018. (2) Reconciles the text of CC131604 with the text of the 2018 technical corrections bill (P.L.86-2018) in SECTIONS 2, 5, and 6. (3) Revises the provisions concerning income under Section 965 of the Internal Revenue Code, based on recent guidance from the Internal Revenue Service. (4) Adds the provisions concerning the waiver of interest and penalties if the general assembly enacts a change in a listed tax for a tax period that increases a

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