Relating to election of reduced rate of taxation on pass-through income; prescribing an effective date.
Summary
Provides for taxpayer election of reduced tax rate for certain pass-through nonpassive income on original or amended tax return. Provides that election is revocable. Applies to tax years beginning on or after January 1, 2015, and before January 1, 2016. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2017
Last action Jul 8, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
2
Jul 8, 2017
Legislature · Reported by committee
In committee upon adjournment.
Jan 17, 2017
Legislature · Referred to committee
Referred to Finance and Revenue, then Tax Credits.
Jan 9, 2017
Legislature · Introduced
Introduction and first reading. Referred to President's desk.
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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