SB 687 Modifies provisions of corporate franchise, income, and sales and use tax regarding nexus for tax purposes
Sponsor: Griesheimer
LR Number: 2542S.01I Fiscal Note:
Committee: Ways & Means
Last Action: 3/5/2007 - Second Read and Referred S Ways & Means Committee Journal Page: S400
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary

SB 687 - This act modifies provisions of sales, income, and corporate franchise tax law by stating that out of state business with certain business activities, or facilities, in the state will not be deemed to have nexus with the state for tax purposes.