2005 Regular Session

SENATE BILL 56

File Code: Taxes - Income Crossfiled with: HOUSE BILL 202
Sponsored By:
Senator Currie
Entitled:
Income Tax - Nonresidents - Withholding from Payments and Taxation of Pass-Through Income

Synopsis:

Altering the rate of a tax imposed on specified entities with respect to a nonresident's share of the entity's taxable income, the rate of required withholding from specified payments to nonresident payees, and a rate used to calculate specified payments required before a deed or other instrument of writing may be recorded under specified circumstances, to reflect the rate of a specified tax that is imposed on specified individuals who are not subject to a county income tax; applying the Act to tax years after 2004; etc.

History by Legislative Date

Senate Action
1/14
First Reading Budget and Taxation
1/20
Hearing 2/2 at 1:30 p.m.
1/28
Hearing cancelled
House Action
No Action

Bill indexed under the following Subjects:

CORPORATIONS -see also- MUNICIPAL CORPORATIONS
DEEDS
GAMING -see also- BINGO; LOTTERY; RAFFLES
INCOME TAX
LIMITED LIABILITY COMPANIES
NONRESIDENTS -see also- ALIENS
PARTNERSHIPS
REAL PROPERTY
RECORDATION
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

Bill affects the following Statutes:

Tax - General
( 10-102.1 , 10-106.1 , 10-908 , 10-912 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered