A.G. File No. 2005-029

Corporate Tax Accountability Act

February 22, 2005

 


The initiative defines corporation tax preferences (which we hereafter refer to as “special corporation tax provisions”) as certain tax laws adopted after January 1, 1985, including: (1) credits; (2) deductions that are not consistent with generally accepted accounting principles; (3) measures that result in special tax rates not available to corporation taxpayers generally; and (4) actions that extend special exemptions, exclusions, and elections to corporation taxpayers.