Should the legislation pass with the retroactivity provision, the firm's percentage would apply to the amount already due the states; if not, it would apply to the amount they collect over the next 12 years.
Source: wiktionary
Retroactivity
Synonyms for "retroactivity" (1 found)
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Closest matches (1)
Noun(1 words)
Sample sentences
2 total sentences available.
it must be pointed out that the distinction between retroactivity and retrospectivity, while describing a real difference in the verbal form in which retrospective law is expressed, lacks normative and practical significance.
Source: wiktionary