Legislation
- Title
- Income Tax - Pass-Through Entity - Maximum Rate
- Sponsored by
- Senator Brinkley
- Status
- In the Senate - Hearing 1/30 at 3:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Providing that for income distributed to specified members of an S corporation, specified partnerships, a limited liability company, or specified trusts the State income tax rate is 2.875% and the county income tax rate may not exceed 1.6%; applying the Act to taxable years beginning after December 31, 2012; etc.
Committees
Details
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2013
History
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Documents
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Date Posted | Document Name |
---|---|
12/19/2012 | Text - First - Income Tax - Pass-Through Entity - Maximum Rate |
File Code
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Subjects
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Statutes
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(
10-105, 10-106 )
Last Updated: 2/3/2020 2:27 PM