Relating to corporate registration for federal selective service.
Catchline/Summary:
Requires every corporation to annually file an affidavit with the Department of Revenue attesting that the corporation has registered or attempted to register with the United States Selective Service System. Digest: Tells companies that each year they must send to the state tax agency a notice stating the company registered, or tried to register, for the draft. The company must file the notice when the company files a tax return. Lets the company file the notice within three years after filing the tax return. Tells the state tax agency not to allow subtractions or credits if the company does not file the notice. (Flesch Readability Score: 64.3).
Requires every corporation to annually file an affidavit with the Department of Revenue attesting that the corporation has registered or attempted to register with the United States Selective Service System. Directs the department to disallow all state corporate excise or income tax subtractions and credits claimed by the corporation if the corporation fails to file an affidavit with the corporation's tax return. Allows the corporation to comply with the law by filing an affidavit within three years after filing a return.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 2724 House Committee On Revenue
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