A4262 — Decouples certain provisions of corporation business tax from Internal Revenue Code; alters dividends received deduction; revises tax base of surtax on corporation business income; repeals tax on certain dividends.

A4262 — Decouples certain provisions of corporation business tax from Internal Revenue Code; alters dividends received deduction; revises tax base of surtax on corporation business income; repeals tax on certain dividends. · Informed CitizenryThe bill amends existing tax law concerning the corporation business tax by altering several provisions related to federal tax codes. It establishes a surtax on certain taxpayers (excluding public…Open in Informed Citizenry