Today's Law As Amended


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SB-388 Taxation: federal conformity: tax holiday.(2017-2018)



As Amends the Law Today


SECTION 1.
 It is the intent of the Legislature, if federal income tax laws provide for a tax holiday for corporate moneys repatriated into the United States, to enact legislation reducing the rates of tax imposed upon the income derived from moneys repatriated into the state during the same period.