SB 687 – Modifies provisions of corporate franchise, income, and sales and use tax regarding nexus for tax purposes

• Sponsor: Griesheimer
• LR Number: 2542S.01I
• Committee: Ways & Means
• Last Action: 3/5/2007 - Second Read and Referred S Ways & Means Committee
• Journal Page: S400
• Effective Date: August 28, 2007

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.

JASON ZAMKUS