A4202 — Imposes surtax on corporation business tax liability; decouples certain provisions from Internal Revenue Code; imposes tax on certain dividends.

A4202 — Imposes surtax on corporation business tax liability; decouples certain provisions from Internal Revenue Code; imposes tax on certain dividends. · Informed CitizenryBill A4202 establishes a new corporate business tax surtax on taxpayers, excluding public utilities, based on allocated net income. The surtax rates are set at 2.5% for income between $1 million an…Open in Informed Citizenry