1996 Regular Session

HOUSE BILL 756

File Code: Taxes - Miscellaneous
Sponsored By:
Delegate Cryor
Entitled:
Inheritance Tax and Income Tax - Owners of Professional Football Teams Located in the State

Synopsis:

Providing that for purposes of the inheritance tax, a decedent shall be deemed to have been domiciled in the State at death if the decedent within 3 years before the date of death directly or indirectly owned a majority interest in a professional football team located in the State; and including within the definition of "resident" for income tax purposes an individual who directly or indirectly owns a majority interest in a professional football team located in the State.

Legislative History

House Action
2/1
First Reading Ways and Means
2/7
Hearing 2/21 at 11:00 a.m.
3/11
Unfavorable Report by Ways and Means
Senate Action
No Action
Bill indexed under the following Subjects:
INCOME TAX
INHERITANCE TAX
SPORTS -see also- RECREATION
Bill affects the following Statutes:
Tax - General
( 7-202.1 , 10-101 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available