Legislation

Imposing a State income tax on income distributed to certain members of certain pass-through entities from the pass-through entity's taxable income exceeding $1,000,000; providing that the tax does not apply to the income of a pass-through entity that is a sole proprietorship or has implemented a certain employee stock ownership plan; applying the Act to taxable years beginning after December 31, 2019; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber House Calendar Date 1/24/2020 Legislative Date 1/24/2020 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Pass-Through Entity - Additional Tax Proceedings
Chamber House Calendar Date 1/28/2020 Legislative Date 1/28/2020 Action Hearing 2/13 at 1:00 p.m. Proceedings
Chamber House Calendar Date 1/29/2020 Legislative Date 1/29/2020 Action Hearing canceled Proceedings
Chamber House Calendar Date 1/29/2020 Legislative Date 1/29/2020 Action Hearing 2/12 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/24/2020	1/24/2020	First Reading Ways and Means
			Text - First - Income Tax - Pass-Through Entity - Additional Tax
House	1/28/2020	1/28/2020	Hearing 2/13 at 1:00 p.m.
House	1/29/2020	1/29/2020	Hearing canceled
House	1/29/2020	1/29/2020	Hearing 2/12 at 1:00 p.m.

File Code

Subjects

Statutes