Restores the cap on a combined group's tax liability on a unitary basis to $2.5 million.
The bill amends section 12-218e of the general statutes to reinstate the cap of $2.5 million on a combined group's tax liability on a unitary basis, which was previously removed by public act 25-168. This change affects corporate tax liability calculations for combined groups in Connecticut.
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- Overview
- Core Provisions
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- Legal Framework
- Critical Issues
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