Technical Advice Memorandum


Subject: Qualified Subchapter S Subsidiaries
               Revocation of Federal Treatment
Schedule: Corporate Income and Franchise Tax
Issued By: Corporate, Excise, and Insurance Tax Division
Date: April 7, 1997
Reference: CTAM 97-9

In CTAM 97-3, the Corporate Tax Division announced it would follow the federal treatment for income tax purposes regarding Qualified Subchapter S Subsidiaries, (QSSS).

The Department hereby revokes that position. Further information will be available upon the General Assembly's ratification of HB 59 (Update the Code Reference).