SB0001

2013 Regular Session

 

Entitled:

Income Tax - Pass-Through Entity - Maximum Rate

Sponsored by:

Senator Brinkley

Status:

In the Senate - Hearing 1/30 at 3:00 p.m.


Synopsis:Providing that for income distributed to specified members of an S corporation, specified partnerships, a limited liability company, or specified trusts the State income tax rate is 2.875% and the county income tax rate may not exceed 1.6%; applying the Act to taxable years beginning after December 31, 2012; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Brinkley
Additional Facts:Bill File Type: Pre-Filed
Effective Date(s): July 1, 2013
Committee(s):
Budget and Taxation  Listen to Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Business Trusts
Corporations -see also- Municipal Corps; Public Corps & Inst
Counties -see also- Chartered Counties; Code Counties
Income Tax
Limited Liability Companies
Partnerships
Statutes:Article - Tax - General
(10-105, 10-106)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:07 P.M.