This bill aims to establish guidelines for determining compensation and reporting requirements related to the franchise tax. It outlines provisions for calculating compensation, reporting income, and ensuring compliance with tax regulations. The bill seeks to streamline the process of determining compensation and reporting obligations under the franchise tax system, potentially impacting how businesses calculate and report their taxable income.
2023-01-11: Filed
2023-03-03: Read first time
2023-03-03: Referred to State Affairs
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