SB558 — Taxes, Excise - As enacted, revises provisions governing net earnings and net losses for purposes of the Excise Tax Law of 1999. - Amends TCA Title 67, Chapter 4, Part 20.

SB558 — Taxes, Excise - As enacted, revises provisions governing net earnings and net losses for purposes of the Excise Tax Law of 1999. - Amends TCA Title 67, Chapter 4, Part 20. · Informed CitizenryThis bill amends the Excise Tax Law of 1999 to revise the rules for calculating net earnings and net losses. Specifically, it adds provisions regarding federal taxation of global intangible low-tax…Open in Informed Citizenry