HB49 Alabama 2015 1st Special Session

Sponsors

Session

First Special Session 2015

Title

Income tax, factor presence nexus standard based on business activity established for purpose of being subject to income tax in the state, tax applicable to in-state residents and businesses, and to nonresidents that do business in the state, Sec. 40-18-31.2 added

Description

This bill would establish a factor presence nexus standard for business activity for purposes of income tax.

To add a new Section 40-18-31.2 to the Code of Alabama of 1975, to establish a factor presence nexus standard for business activity for purposes of income tax.

Subjects

Taxation