HB 103 (2012) -  Transfer of Tax Liability

General Bill by Wood
Transfer of Tax Liability: Revises provisions relating to tax liability when person transfers or quits business; provides transfer of assets of business or stock of goods of business is considered transfer of business; requires DOR to notify business before circuit court temporarily enjoins business activity; provides liability for certain taxes unless specified conditions are met; requires department to conduct certain audits; requires DOR to notify transferee before circuit court enjoins business activity; specifies that transferor & transferee of assets of business are jointly & severally liable up to maximum amount; specifies maximum liability of transferee; provides methods for calculating fair market value or total purchase price of specified business transfers to determine maximum tax liability of transferees; excludes transferees from tax liability when transfer consists only of specified assets; authorizes DOR to provide 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 certain transfers related to communications services business; repeals provisions relating to dealer's tax liability & criminal liability for sales tax when business transferred.
Effective Date: April 6, 2012
Last Event: Chapter No. 2012-55 on Saturday, April 7, 2012 7:26 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 170 Subject: Transfer of Tax Liability Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 4/10/2012 8:44:41 AM
Chamber: House Committee: Final Bill Analysis 3/16/2012 11:43:14 AM
Chamber: House Committee: Finance & Tax Committee 12/6/2011 12:29:09 PM
Chamber: House Committee: Finance & Tax Committee 12/1/2011 2:37:26 PM
Chamber: House Committee: Economic Affairs Committee 11/15/2011 6:27:45 PM
Chamber: House Committee: Economic Affairs Committee 11/8/2011 3:47:06 PM
Chamber: House Committee: Civil Justice Subcommittee 10/18/2011 2:33:04 PM
Chamber: House Committee: Civil Justice Subcommittee 10/14/2011 12:56:47 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 02/03/2012 01:07 PM   Yeas: 115 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 665] Barcode:
Chamber: Senate Date: 03/07/2012 09:46 AM   Yeas: 36 Nays: 1 Action: Action 2: Vote Detail: Vote [Seq# 2] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2012-55 Time: 04/07/2012 - 7:26 PM Member: Committee: Version: er
Event: Approved by Governor Time: 04/06/2012 - 7:01 PM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 03/30/2012 - 10:34 AM Member: Committee: Version: er
Event: H Ordered enrolled Time: 03/07/2012 - 11:24 AM Member: Committee: Version: __
Event: H In Messages Time: 03/07/2012 - 11:24 AM Member: Committee: Version: __
Event: S Passed; YEAS 36 NAYS 1 -SJ 909 Time: 03/07/2012 - 9:46 AM Member: Committee: Version: __
Event: S Read 3rd time -SJ 908 Time: 03/07/2012 - 9:45 AM Member: Committee: Version: __
Event: S Placed on 3rd reading Time: 03/06/2012 - 10:19 AM Member: Committee: Version: __
Event: S Read 2nd time -SJ 876 Time: 03/06/2012 - 10:19 AM Member: Committee: Version: __
Event: S Substituted for SB 170 -SJ 876 Time: 03/06/2012 - 10:18 AM Member: Committee: Version: __
Event: S Placed on Calendar, on 2nd reading -SJ 876 Time: 03/06/2012 - 10:17 AM Member: Committee: Version: __
Event: S Withdrawn from Community Affairs; Commerce and Tourism; Budget Subcommittee on Finance and Tax; Budget -SJ 876 Time: 03/06/2012 - 10:16 AM Member: Committee: Version: __
Event: S Received -SJ 812 Time: 03/05/2012 - 9:32 AM Member: Committee: Version: __
Event: S Referred to Community Affairs; Commerce and Tourism; Budget Subcommittee on Finance and Tax; Budget -SJ 812 Time: 03/02/2012 - 5:59 PM Member: Committee: Version: __
Event: S In Messages Time: 02/08/2012 - 5:36 PM Member: Committee: Version: __
Event: H Message sent to senate Time: 02/08/2012 - 5:31 PM Member: Committee: Version: __
Event: H Passed; YEAS 115, NAYS 0 Time: 02/03/2012 - 1:07 PM Member: Committee: Version: __
Event: H Passage on third reading Time: 02/03/2012 - 1:07 PM Member: Committee: Version: __
Event: H Read 3rd time Time: 02/03/2012 - 1:07 PM Member: Committee: Version: __
Event: H Added to Third Reading Calendar Time: 02/02/2012 - 7:32 PM Member: Committee: Version: __
Event: H Placed on 3rd reading Time: 02/02/2012 - 1:08 PM Member: Committee: Version: __
Event: H Read 2nd time Time: 02/02/2012 - 1:08 PM Member: Committee: Version: __
Event: H Bill added to Special Order Calendar (2/2/2012) Time: 01/31/2012 - 2:37 PM Member: Committee: Version: __
Event: H Added to Second Reading Calendar Time: 01/11/2012 - 12:12 AM Member: Committee: Version: __
Event: H 1st Reading Time: 01/10/2012 - 11:59 PM Member: Committee: Version: __
Event: H Bill released to House Calendar Time: 12/06/2011 - 12:27 PM Member: Committee: Version: __
Event: H Reported out of Finance & Tax Committee Time: 12/06/2011 - 12:27 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Favorable by Finance & Tax Committee Time: 12/06/2011 - 12:00 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Added to Finance & Tax Committee agenda Time: 11/29/2011 - 4:18 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Now in Finance & Tax Committee Time: 11/15/2011 - 6:41 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Reported out of Economic Affairs Committee Time: 11/15/2011 - 6:41 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Favorable by Economic Affairs Committee Time: 11/15/2011 - 6:00 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Added to Economic Affairs Committee agenda Time: 11/08/2011 - 4:15 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Now in Economic Affairs Committee Time: 10/18/2011 - 2:18 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Reported out of Civil Justice Subcommittee Time: 10/18/2011 - 2:18 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Favorable by Civil Justice Subcommittee Time: 10/18/2011 - 2:18 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Added to Civil Justice Subcommittee agenda Time: 10/11/2011 - 4:13 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Now in Civil Justice Subcommittee Time: 09/15/2011 - 4:51 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Referred to Finance & Tax Committee Time: 09/15/2011 - 4:51 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Economic Affairs Committee Time: 09/15/2011 - 4:51 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Civil Justice Subcommittee Time: 09/15/2011 - 4:51 PM Member: Committee: Civil Justice Subcommittee Version: __
Event: H Filed Time: 08/25/2011 - 3:07 PM Member: Wood Committee: Version: __