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A03690 Summary:
BILL NO | A03690 |
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SAME AS | SAME AS S01980 |
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SPONSOR | Kelles |
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COSPNSR | Shrestha, 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 |
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MLTSPNSR | |
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Amd §§208, 210, 210-A & 606, add §608, Tax L | |
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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. |