SCS HB 472(FIN): "An Act relating to apportionment of business income."

00SENATE CS FOR HOUSE BILL NO. 472(FIN) 01 "An Act relating to apportionment of business income." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 43.20.021(a) is amended to read: 04  (a) Sections 26 U.S.C. 1 - 1399 and 6001 - 7872 (Internal Revenue Code), as 05 amended, are adopted by reference as a part of this chapter. These portions of the 06 Internal Revenue Code have full force and effect under this chapter unless excepted 07 to or modified by other provisions of this chapter. However, nothing in this chapter 08 or in AS 43.19 (Multistate Tax Compact) may be construed as an exception to or 09 modification of 26 U.S.C. 883. 10 * Sec. 2. If a court makes a final determination that retroactive application under sec. 3 of 11 this Act is invalid, this Act applies to tax years ending on or after the effective date of this 12 Act. 13 * Sec. 3. This Act is retroactive to January 1, 1993.