History of Actions | Background | Title |
Description: Income tax; allow certain limited liability companies to transfer tax credits to another taxpayer if unable to use.
| 1 | 02/25/98 | (H) | Referred To Ways and Means | |
| 2 | 02/25/98 | (H) | Died In Committee |
| Effective date | January 1, 1998 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Williams
Title: AN ACT TO AUTHORIZE MEMBERS OF CERTAIN LIMITED LIABILITY COMPANIES TO TRANSFER ANY INCOME TAX CREDIT TO WHICH A MEMBER MAY BE ENTITLED TO ANOTHER TAXPAYER IF THE LIMITED LIABILITY COMPANY MEMBER HAS NO STATE INCOME TAX LIABILITY AGAINST WHICH TO APPLY SUCH INCOME TAX CREDIT; TO PROVIDE CERTAIN REQUIREMENTS THAT MUST BE SATISFIED IN ORDER FOR A LIMITED LIABILITY COMPANY MEMBER TO TRANSFER A TAX CREDIT AS AUTHORIZED BY IN THIS ACT; AND FOR RELATED PURPOSES.
End Of Document
1998/History/HB\HB1820.htm