Changes to Corporate Business Credit Order
This bill modifies how corporations apply their business tax credits. The aim is to streamline the process, potentially affecting the amount of taxes certain businesses pay. For citizens, this indirectly means potential shifts in the economy and employment, depending on how businesses respond to the new rules.
Key points
The bill amends the order in which corporations take business credits into account.
These changes apply to taxable years ending after the enactment date, including credits from prior years.
Status:
Expired
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