Corporate income tax exclusion for for-profit business

entities. For-profit business entities that participate in the Public- Private Partner Development Pool will not be subject to corporate income tax associated with the segregation and payment of withholding taxes to local government entities when such payment is made for the purpose of infrastructure development in the Public- Private Partner Development Pool. Added by Laws 2019, c. 260, § 6, eff. Nov. 1, 2019.