Find a 2014 Bill:

2014 Regular Session



Income Tax - Subtraction Modification - Nonpassive Income of a Pass-Through Entity

Sponsored by:

Senator Kasemeyer


In the Senate - Hearing 2/26 at 1:30 p.m.

Synopsis: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.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Kasemeyer
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2014
Budget and Taxation   View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Business Trusts
Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Limited Liability Companies
Work, Labor and Employment -see also- Col Barg; Holiday; etc

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October 24, 2017 1:57 P.M.