HB 102 (2021)
This bill became law.
Last updated 2024-02-27 4:23 pm
Summary:
Repeals the water's edge combined group provisions of the Business Profits Tax.
The House amended the bill to instead establish a commission to study the replacement of the water’s edge method by the worldwide combined reporting method for reporting and apportionment of income under the Business Profits Tax.
The Senate further amended the bill to also provide for the tax treatment of water and sewer disposal utilities under the business profits tax.
Status:
Status Detail:
Signed by Governor
Public Hearing Date:
03/09/2022 10:00 am
Public Hearing Location:
SH Room 100
House Voting Date:
01/05/2022
Senate Voting Date:
03/17/2022
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