A6035 — Eliminates period of limitation for deficiency assessment under corporation business tax when taxpayer fails to notify Division of Taxation of an income change on their federal tax return and prohibits claim for refund in such circumstance.

A6035 — Eliminates period of limitation for deficiency assessment under corporation business tax when taxpayer fails to notify Division of Taxation of an income change on their federal tax return and prohibits claim for refund in such circumstance. · Informed CitizenryThis bill amends the corporation business tax to change how the Division of Taxation handles reports of income changes on federal tax returns. It requires taxpayers to report any changes or correct…Open in Informed Citizenry