Bill Summary for S 752 (2011-2012)

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Bill: ELIMINATE DOUBLE-WEIGHTED SALES APPORTIONMENT.

Summary date: 

Apr 20 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 752 (Public) Filed Tuesday, April 19, 2011
TO MODIFY THE APPORTIONMENT FORMULA FOR INCOME TAX BY ELIMINATING THE DOUBLE WEIGHTING OF THE SALES FACTOR.
Intro. by Mansfield.

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Bill summary

Amends GS 105-130.4(i) as the title indicates. Effective for taxable years beginning on or after January 1, 2011.