Comments: NY A05962 | 2019-2020 | General Assembly

Bill Title: Relates to the definitions of the terms "CFC income" and "entire net income"; provides that exempt CFC income shall include income required to be included in a taxpayer's federal gross income pursuant to subsection (a) of section 951A of the internal revenue code; excludes the amount of any federal deduction allowed pursuant to section 250(a)(1)(B)(i) of the IRC from being included in the calculation of entire net income.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2019-02-20 - referred to ways and means [A05962 Detail]

Text: Latest bill text (Introduced) [HTML]

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