S3624 — Reduces rate on certain foreign-derived income and combined group minimum tax, broadens ability of combined group members to share net operating losses, and changes treatment of foreign income subject to federal treaty, under CBT.

S3624 — Reduces rate on certain foreign-derived income and combined group minimum tax, broadens ability of combined group members to share net operating losses, and changes treatment of foreign income subject to federal treaty, under CBT. · Informed CitizenryThis bill amends the corporation business tax to redefine terms such as 'Corporation', 'Net worth', 'Entire net income', and 'Unitary business'. It establishes rules for net operating loss (NOL) ca…Open in Informed Citizenry