CS/CS/CS/HB 907 (2011) -  Transfer of Tax Liabillity

General Bill by Economic Affairs Committee and Civil Justice Subcommittee and Finance & Tax Committee and Wood
Transfer of Tax Liabillity: Revises provisions relating to tax liability when person transfers or quits business; provides that transfer of assets of business or stock of goods of business is considered transfer of business; requires DOR to provide notification to business before circuit court shall temporarily enjoin business; provides that transferees of business are liable for certain taxes unless specified conditions are met; requires DOR to conduct certain audits relating to tax liability of transferors & transferees of business; requires notification by DOR to transferee before circuit court shall enjoin business activity in action brought by Department of Legal Affairs; specifies transferor & transferee of assets of business are jointly & severally liable for tax; specifies maximum liability of transferee; excludes certain transferees from liability for specified transfers; provides for calculating fair market value or total purchase price of business to determine maximum tax liability of transferees; authorizes DOR to provide certain tax information to transferee against whom tax liability is being asserted; repeals provisions relating to tax liability & criminal liability of dealers of communications services who make transfers; repeals provisions relating to dealer's tax liability & criminal liability for sales tax when transfers of business occur.
Effective Date: July 1, 2011
Last Event: 05/07/11 S Died in Commerce and Tourism on Saturday, May 7, 2011 3:35 AM
Date Available for Final Passage: Tuesday, May 03, 2011 7:04 PM

Referred Committees and Committee Actions

House Referrals

Senate Referrals

  • Commerce and Tourism
  • Judiciary

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 1384 Subject: Transfer of Tax Liability Relationship: Similar
Bill #: SB 2044 Subject: Tax Administration Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Economic Affairs Committee 4/15/2011 11:44:02 AM
Chamber: House Committee: Economic Affairs Committee 4/12/2011 4:06:26 PM
Chamber: House Committee: Civil Justice Subcommittee 4/4/2011 12:02:46 PM
Chamber: House Committee: Civil Justice Subcommittee 3/28/2011 9:13:45 AM
Chamber: House Committee: Finance & Tax Committee 3/21/2011 8:19:16 AM
Chamber: House Committee: Finance & Tax Committee 3/15/2011 5:38:58 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/29/2011 07:06 PM   Yeas: 116 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 426] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Commerce and Tourism Time: 05/07/2011 - 3:35 AM Member: Committee: Version: e1
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: e1
Event: S Received -SJ 1018 Time: 05/05/2011 - 9:02 PM Member: Committee: Version: e1
Event: S Referred to Commerce and Tourism; Judiciary -SJ 1018 Time: 05/05/2011 - 8:55 PM Member: Committee: Version: e1
Event: S In Messages Time: 04/29/2011 - 10:59 PM Member: Committee: Version: e1
Event: H Message sent to senate Time: 04/29/2011 - 10:57 PM Member: Committee: Version: e1
Event: H CS passed as amended; YEAS 116, NAYS 0 Time: 04/29/2011 - 7:06 PM Member: Committee: Version: c3
Event: H Passage on third reading Time: 04/29/2011 - 7:06 PM Member: Committee: Version: c3
Event: H Read 3rd time Time: 04/29/2011 - 7:04 PM Member: Committee: Version: c3
Event: H Amendment 527235 adopted Time: 04/29/2011 - 7:04 PM Member: Committee: Version: c3
Event: H Amendment 813475 adopted Time: 04/29/2011 - 7:04 PM Member: Committee: Version: c3
Event: H Read 2nd time Time: 04/29/2011 - 7:03 PM Member: Committee: Version: c3
Event: H Amendment 636819 withdrawn Time: 04/29/2011 - 8:01 AM Member: Committee: Version: c3
Event: H Amendment 636819 filed Time: 04/28/2011 - 1:17 PM Member: Committee: Version: c3
Event: H Amendment 813475 filed Time: 04/28/2011 - 11:54 AM Member: Committee: Version: c3
Event: H Bill added to Special Order Calendar (4/29/2011) Time: 04/27/2011 - 8:20 PM Member: Committee: Version: c3
Event: H Amendment 527235 filed Time: 04/21/2011 - 9:00 AM Member: Committee: Version: c3
Event: H Added to Second Reading Calendar Time: 04/18/2011 - 10:41 AM Member: Committee: Version: c3
Event: H Bill referred to House Calendar Time: 04/18/2011 - 10:41 AM Member: Committee: Version: c3
Event: H 1st Reading Time: 04/15/2011 - 5:27 PM Member: Committee: Version: c3
Event: H CS Filed Time: 04/15/2011 - 12:02 PM Member: Committee: Version: c3
Event: H Laid on Table under Rule 7.19(a) Time: 04/15/2011 - 12:02 PM Member: Committee: Version: c2
Event: H Reported out of Economic Affairs Committee Time: 04/15/2011 - 11:44 AM Member: Committee: Economic Affairs Committee Version: c2
Event: H Favorable with CS by Economic Affairs Committee Time: 04/12/2011 - 4:00 PM Member: Committee: Economic Affairs Committee Version: c2
Event: H Added to Economic Affairs Committee agenda Time: 04/08/2011 - 4:15 PM Member: Committee: Economic Affairs Committee Version: c2
Event: H Now in Economic Affairs Committee Time: 04/05/2011 - 1:07 PM Member: Committee: Economic Affairs Committee Version: c2
Event: H Referred to Economic Affairs Committee Time: 04/05/2011 - 1:07 PM Member: Committee: Economic Affairs Committee Version: c2
Event: H 1st Reading Time: 04/04/2011 - 5:59 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/04/2011 - 12:09 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 04/04/2011 - 12:09 PM Member: Committee: Version: c1
Event: H Reported out of Civil Justice Subcommittee Time: 04/04/2011 - 12:04 PM Member: Committee: Civil Justice Subcommittee Version: c1
Event: H Favorable with CS by Civil Justice Subcommittee Time: 03/29/2011 - 3:00 PM Member: Committee: Civil Justice Subcommittee Version: c1
Event: H Added to Civil Justice Subcommittee agenda Time: 03/25/2011 - 4:21 PM Member: Committee: Civil Justice Subcommittee Version: c1
Event: H Now in Civil Justice Subcommittee Time: 03/22/2011 - 1:31 PM Member: Committee: Civil Justice Subcommittee Version: c1
Event: H Referred to Economic Affairs Committee Time: 03/22/2011 - 1:31 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Referred to Civil Justice Subcommittee Time: 03/22/2011 - 1:31 PM Member: Committee: Civil Justice Subcommittee Version: c1
Event: H 1st Reading Time: 03/21/2011 - 6:46 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/21/2011 - 8:26 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 03/21/2011 - 8:26 AM Member: Committee: Version: __
Event: H Reported out of Finance & Tax Committee Time: 03/21/2011 - 8:20 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Favorable with CS by Finance & Tax Committee Time: 03/17/2011 - 2:48 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Added to Finance & Tax Committee agenda Time: 03/15/2011 - 4:01 PM Member: Committee: Finance & Tax Committee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Now in Finance & Tax Committee Time: 03/03/2011 - 9:50 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/03/2011 - 9:50 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Civil Justice Subcommittee Time: 03/03/2011 - 9:50 AM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Referred to Business & Consumer Affairs Subcommittee Time: 03/03/2011 - 9:50 AM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H Referred to Finance & Tax Committee Time: 03/03/2011 - 9:50 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Filed Time: 02/22/2011 - 1:05 PM Member: Wood Committee: Version: __