S2812 — Imposes short-term surtax on corporations; decouples certain provisions of gross income tax and corporation business tax from Internal Revenue Code; alters dividends received deduction.

S2812 — Imposes short-term surtax on corporations; decouples certain provisions of gross income tax and corporation business tax from Internal Revenue Code; alters dividends received deduction. · Informed CitizenryThis bill imposes a short-term surtax on the allocated net income of corporations and other entities subject to the corporation business tax, excluding public utilities. The surtax is set at 2.5% f…Open in Informed Citizenry