SENATE BILL 95

Sponsored By:

Chairman, Budget and Taxation Committee (Departmental - Assessments and Taxation)

Entitled:

Financial Institution Franchise Tax

Synopsis:

Altering the appeal process for assessments of financial institution franchise tax; providing for certain informal hearings; providing for the application of the Act; modifying and clarifying a subtraction modification for certain financial institutions under the financial institutions franchise tax; and generally relating to the appeal process for the financial institution franchise tax.

Legislative History

Senate Action

11/8

Pre-filed

1/10

First Reading Budget and Taxation

1/3

Hearing 1/19 at 1:00 p.m.

2/13

Favorable with Amendments Report by Budget and Taxation

2/14

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

2/16

Third Reading Passed (46-0)

4/1

Returned Passed

4/30

Signed by the Governor Chapter 99

House Action

2/19

First Reading Commerce and Government Matters

2/22

Re-assigned Ways and Means

3/6

Hearing 3/20 at 1:00 p.m.

3/29

Favorable Report by Ways and Means

3/26

Favorable Report Adopted

Second Reading Passed

3/27

Third Reading Passed (132-1)

Sponsored by:

Chairman, Budget & Taxation Comm.

Departmental

Bill indexed under the following Subjects:

APPEALS -see also- JUDICIAL REVIEW

EXEMPTIONS

FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO, CREDIT U

FRANCHISES

HEARINGS

REVENUE AND TAXES - GENERAL

Bill affects the following Statutes:

Tax - General

( 8-204 , 13-508 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 538694/1 (PDF) Offered on: FEBRUARY 14, 1996 at: 09:52 Status: Adopted