SB0858

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

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

Sponsored by:

Senator Kasemeyer

Status:

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
Committee(s):
Budget and Taxation   View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Business Trusts
Corporations -see also- Municipal Corps; Public Corps & Inst
Exemptions
Income Tax
Limited Liability Companies
Partnerships
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:57 P.M.