SENATE BILL 867

File Code: Taxes - Income Crossfiled with: HOUSE BILL 1177

Sponsored By:

Senators DeGrange, Brinkley, Hogan, Jimeno, Kasemeyer, Kramer, Schrader, and Stoltzfus

Entitled:

Income Tax - Credit for Income Tax Paid to Another State - Income from Pass-Through Entities

Synopsis:

Altering the calculation of the credit against the State income tax allowed for income tax paid to another state with respect to income tax paid to another state on a resident's share of income from specified pass-through entities; allowing specified excess credit to be applied against the county income tax under specified circumstances; applying the Act to tax years after 2005; etc.

History by Legislative Date

Senate Action

2/10

First Reading Senate Rules

2/16

Re-referred Budget and Taxation

3/8

Hearing 3/21 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator James E. DeGrange, Sr., District 32

Senator David R. Brinkley, District 4

Senator Patrick J. Hogan, District 39

Senator Philip C. Jimeno, District 31

Senator Edward J. Kasemeyer, District 12

Senator Rona E. Kramer, District 14

Senator Sandra B. Schrader, District 13

Senator J. Lowell Stoltzfus, District 38

Bill indexed under the following Subjects:

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

INCOME TAX

INTERSTATE AFFAIRS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-703 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered