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.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.