A4495 — Amends provisions regarding tax base and operative dates relative to CBT and combined reporting; provides CBT deduction in amount of certain foreign-related income; clarifies tax treatment of certain tax credits awarded by EDA.

A4495 — Amends provisions regarding tax base and operative dates relative to CBT and combined reporting; provides CBT deduction in amount of certain foreign-related income; clarifies tax treatment of certain tax credits awarded by EDA. · Informed CitizenryThis bill amends the Corporation Business Tax (CBT) to provide a deduction for taxpayers for the full value of deductions allowed under section 250 of the Internal Revenue Code, provided the income…Open in Informed Citizenry