State Corporate Income Taxes: A Description and Analysis (CRS Report for Congress)
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| Release Date |
Revised June 23, 2008 |
| Report Number |
RL32297 |
| Report Type |
Report |
| Authors |
Steven Maguire, Government and Finance Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
In the 110th Congress, S. 1726 and its twin H.R. 5267 would establish moreuniformstandards - generally higher standards - for the level of business activitythat would trigger nexus (or presence) and thus state corporate income taxability.The legislation is often identified as "brightline" legislation. In the 109th Congress,the House Judiciary Committee approved similar legislation, H.R. 1956. TheCongressional Budget Office estimated that H.R. 1956 would have cost the states$3.1 billion over the 2007 to 2016 budget window.
