Bill Title: As enacted, redefines "intangible expense" under the Excise Tax Law; revises present franchise tax law regarding elections of a member of an affiliated group or a financial institution affiliated group to compute its net worth on a consolidated basis, and revises various other provisions of present law regarding taxes. - Amends TCA Title 67.

Sponsorship: Partisan Bill (Republican 1)

Status: (Passed) 2012-05-03 - Pub. Ch. 842 [HB2372 Detail]

Text: Latest bill text (Draft #1) [PDF]

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