A3690 — Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; and imposes an additional tax on individual business income

A3690 — Raises the tax rate on corporate income; increases the state conformity to federal taxation of corporate profit shifting; and imposes an additional tax on individual business income · Informed CitizenryThis bill amends the tax law to increase the tax rate on corporate income and adjust state conformity regarding the taxation of corporate profit shifting. Specifically, it increases the percentage…Open in Informed Citizenry