Legislation
- Title
- Taxes - Election for Pass-Through Entities
- Sponsored by
- Delegates Krimm and Cox
- Status
- In the House - Hearing 2/12 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Altering the tax imposed on certain pass-through entities; requiring each pass-through entity to pay the tax imposed with respect to certain shares of certain nonresident and nonresident entity members of the pass-through entity; authorizing a pass-through entity to pay the tax imposed with respect to certain shares of all members of the pass-through entity; providing for the calculation of the tax; prohibiting the tax required to be paid for any taxable year from exceeding a certain amount; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): July 1, 2020
History
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File Code
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Subjects
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Statutes
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(
10-102.1, 10-751 )
Last Updated: 9/22/2020 1:36 PM