Bill Text: CT HB05105 | 2016 | General Assembly | Introduced

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Bill Title: An Act Concerning The Repeal Of Mandatory Combined Reporting.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-02-09 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05105 Detail]

Download: Connecticut-2016-HB05105-Introduced.html

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General Assembly		Proposed Bill No. 5105
February Session, 2016		LCO No. 690
		*00690*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. SIMMONS, 144th Dist.

AN ACT CONCERNING THE REPEAL OF MANDATORY COMBINED REPORTING.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to repeal mandatory combined reporting for the purposes of calculating a business' corporate income tax, otherwise known as the unitary tax.

Statement of Purpose:

To remove burdensome requirements on businesses by repealing mandatory combined reporting for the purposes of calculating a business' corporate income tax.