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S03440 Summary:
BILL NO | S03440 |
  | |
SAME AS | SAME AS A02195 |
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SPONSOR | SKOUFIS |
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COSPNSR | MAY, SANDERS |
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MLTSPNSR | |
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Add Art 32 §§1450 - 1468, Tax L | |
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Reinstates a bank tax based on the highest of four bases: a tax on allocated entire net income, a tax on allocated alternative entire net income, a tax on allocated taxable assets, or a fixed dollar minimum tax; prohibits banks from segregating their income and capital into business and investment varieties. |