Bill Text | History of Actions | Amendments | Background | Title |
Description: Franchise tax; provide that entity filing federal return on activity of subsidiary in MS shall be liable for.
Bill Text: [Introduced] [Passed Senate] [Sent to Governor]
| 1 | 02/21/00 | (S) | Referred To Finance | |
| 2 | 03/02/00 | (S) | Title Suff Do Pass | |
| 3 | 03/15/00 | (S) | Passed | |
| 4 | 03/16/00 | (S) | Transmitted To House | |
| 5 | 03/20/00 | (H) | Referred To Ways and Means | |
| 6 | 03/28/00 | (H) | Title Suff Do Pass As Amended | |
| 7 | 03/30/00 | (H) | Amended | |
| 8 | 03/30/00 | (H) | Passed As Amended | |
| 9 | 03/31/00 | (H) | Returned For Concurrence | |
| 10 | 04/13/00 | (S) | Concurred in Amend From House | |
| 11 | 04/17/00 | (S) | Enrolled Bill Signed | |
| 12 | 04/19/00 | (H) | Enrolled Bill Signed | |
| 13 | 04/25/00 | Approved by Governor |
| Adopted | [H] | Amendment No 1 |
| Effective date | January 1, 2000 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No | |
| Chapter number | 479 |
Senate Committee:
House Committee:
Principal Author: Minor
Code Sections: A 027-0013-0001, A 027-0013-0051
Title: AN ACT TO REQUIRE ENTITIES THAT ARE REQUIRED TO FILE AND REPORT FOR FEDERAL INCOME TAX PURPOSES ON THE ACTIVITY CONDUCTED IN MISSISSIPPI FOR QUALIFIED SUBCHAPTER S SUBSIDIARIES AND SINGLE MEMBER LIMITED LIABILITY COMPANIES, SHALL BE REQUIRED TO FILE MISSISSIPPI COMBINATION RETURNS OF INCOME AND FRANCHISE TAX; TO AMEND SECTION 27-13-1, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "DOING BUSINESS" IN THE CORPORATION FRANCHISE TAX LAW TO PROVIDE THAT AN ENTITY THAT IS REQUIRED TO FILE AND REPORT FOR FEDERAL INCOME TAX PURPOSES THE ACTIVITY CONDUCTED BY CERTAIN SUBCHAPTER S SUBSIDIARIES AND CERTAIN LIMITED LIABILITY CORPORATIONS SHALL BE CONSIDERED AS DOING BUSINESS IN THIS STATE; TO AMEND SECTION 27-13-51, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ENTITIES THAT ARE REQUIRED TO FILE AND REPORT FOR FEDERAL INCOME TAX PURPOSES ON THE ACTIVITY CONDUCTED BY CERTAIN SUBCHAPTER S SUBSIDIARIES AND CERTAIN LIMITED LIABILITY CORPORATIONS AND SUCH SUBSIDIARIES AND COMPANIES SHALL BE JOINTLY AND SEVERALLY LIABLE FOR FRANCHISE TAXES LEVIED BY THIS CHAPTER; AND FOR RELATED PURPOSES.
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2000/html/History/SB/SB3088.htm