Allowing a subtraction modification under the State income tax for up to $50,000 of nonpassive income attributable to a pass-through entity; providing that the subtraction applies only to nonpassive income of a pass-through entity if specified conditions are met; and applying the Act to taxable years beginning after December 31, 2013.
Bill File Type: Regular
Effective Date(s): July 1, 2014
|Date Posted||Document Name|
|2/04/2014||Text - First - Income Tax - Subtraction Modification - Nonpassive Income of a Pass-Through Entity|
( 10-105.1 )
Last Updated: 2/3/2020 2:29 PM