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S01980 Summary:

BILL NOS01980
 
SAME ASSAME AS A03690
 
SPONSORHOYLMAN-SIGAL
 
COSPNSRBRISPORT, CLEARE, FERNANDEZ, GONZALEZ, HINCHEY, JACKSON, MYRIE, PARKER, RAMOS, RIVERA, SALAZAR, SANDERS, SERRANO
 
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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