General Bill
Corporate Income Taxation:
Subjects limited liability companies and subchapter S corporations to the corporate income tax; provides reporting method requirements for water’s edge groups; authorizes members of a water’s edge group to file a singe combined tax return and pay the entire tax due for all members; requires a water’s edge group to file a domestic disclosure spreadsheet; revises subtraction adjustments to adjusted federal income for water’s edge groups and limited liability companies; revises a definition of taxable income for corporations and limited liability companies; revises criteria for determining the occurrence of sales of tangible personal property in this state; provides for application of the water’s edge reporting requirements to the franchise tax imposed on banks and savings associations; revises provisions granting a tax exemption on income of limited liability companies to delete partnership classification provisions.
Effective Date:
July 1, 2004, and shall apply to tax years ending on or after December 31, 2004
Last Event:
Died in Committee on Finance & Tax on Friday, April 30, 2004 11:40 PM
| Bill #
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Subject
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Relationship
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Bill #:
SB 2838
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Subject:
Corporate Income Taxation
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Relationship:
Identical
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| Event |
Time |
Member |
Committee |
Ver. |
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Event:
H Died in Committee on Finance & Tax
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Time:
04/30/2004 - 11:40 PM
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Member:
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Committee:
Finance & Tax
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Version:
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Event:
H Now in Finance & Tax
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Time:
03/09/2004 - 1:54 PM
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Member:
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Committee:
Finance & Tax
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Version:
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Event:
H Bill referred to committee
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Time:
03/09/2004 - 1:54 PM
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Member:
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Committee:
Appropriations
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Version:
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Event:
H Bill referred to committee
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Time:
03/09/2004 - 1:54 PM
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Member:
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Committee:
Finance & Tax
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Version:
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Event:
H 1st Reading
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Time:
03/03/2004 - 1:25 AM
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Member:
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Committee:
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Version:
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Event:
H Filed timely
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Time:
02/29/2004 - 1:46 PM
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Member:
Bucher
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Committee:
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Version:
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