CHAPTER 11. TAXATION.

§11-23-4. Tax base determined.

The tax base of a taxpayer, for purposes of this article, shall be its capital, as defined and adjusted in section three of this article. If the taxpayer is also taxable in another state, then the tax base of the taxpayer shall be its capital, as defined in section three of this article, multiplied by its apportionment factor determined under section five of this article.

Bills Affecting §11-23-4

2002 Regular Session: HB4005
2002 Regular Session: HB4029
2002 Regular Session: SB197