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A03690 Summary:

BILL NOA03690
 
SAME ASSAME AS S01980
 
SPONSORKelles
 
COSPNSRShrestha, Gonzalez-Rojas, Ardila, Simone, Raga, Levenberg, Dinowitz, Ramos, Alvarez, Reyes, Forrest, Mamdani, Solages, Mitaynes, Gallagher, Carroll, Meeks, Shimsky, Simon, Thiele, Lee, De Los Santos, Sillitti, Rosenthal L, Seawright, Bichotte Hermelyn, Sayegh, Davila
 
MLTSPNSR
 
Amd §§208, 210, 210-A & 606, add §608, Tax L
 
Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; imposes an additional tax on individual business income in response to federal tax benefits for pass-through business income.
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