SENATE BILL 56

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