SB 170 (2012) -  Transfer of Tax Liability

General Bill by Altman
Transfer of Tax Liability: Revising provisions relating to a tax liability when a person transfers or quits a business; providing that the transfer of the assets of a business or stock of goods of a business under certain circumstances is considered a transfer of the business; requiring the Department of Revenue to provide certain notification to a business before a circuit court temporarily enjoins business activity by that business; providing that transferees of the business are liable for certain taxes unless specified conditions are met; requiring the department to conduct certain audits relating to the tax liability of transferors and transferees of a business within a specified time period; requiring certain notification by the Department of Revenue to a transferee before a circuit court enjoins business activity in an action brought by the Department of Legal Affairs seeking an injunction, etc.
Effective Date: upon becoming a law
Last Event: 03/06/12 S Laid on Table, companion bill(s) passed, see HB 103 (Ch. 2012-55) -SJ 876 on Tuesday, March 6, 2012 10:18 AM

Referred Committees and Committee Actions

Senate Referrals

  • Community Affairs
    • On agenda for: 10/04/11 8:30 AM
    • Favorable (final action) Votes: Yeas 5   Nays 0
  • Commerce and Tourism
    • On agenda for: 01/09/12 3:15 PM
    • Favorable (final action) Votes: Yeas 6   Nays 0
  • Budget Subcommittee on Finance and Tax
    • On agenda for: 01/24/12 1:00 PM
    • Favorable (final action) Votes: Yeas 5   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: HB 103 Subject: Transfer of Tax Liability Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Budget Subcommittee on Finance and Tax 2/6/2012 2:59:26 PM
Chamber: Senate Committee: Budget Subcommittee on Finance and Tax 1/23/2012 8:12:26 AM
Chamber: Senate Committee: Commerce and Tourism 1/9/2012 6:04:16 PM
Chamber: Senate Committee: Commerce and Tourism 1/6/2012 4:37:39 PM
Chamber: Senate Committee: Community Affairs 10/4/2011 11:55:59 AM
Chamber: Senate Committee: Community Affairs 10/3/2011 9:10:39 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Laid on Table, companion bill(s) passed, see HB 103 (Ch. 2012-55) -SJ 876 Time: 03/06/2012 - 10:18 AM Member: Committee: Version: __
Event: S Substituted HB 103 -SJ 876 Time: 03/06/2012 - 10:18 AM Member: Committee: Version: __
Event: S Read 2nd time -SJ 875 Time: 03/06/2012 - 10:17 AM Member: Committee: Version: __
Event: S Placed on Special Order Calendar, 03/06/12 Time: 03/02/2012 - 4:27 PM Member: Committee: Version: __
Event: S Placed on Calendar, on 2nd reading Time: 03/01/2012 - 10:16 AM Member: Committee: Version: __
Event: S Withdrawn from Budget -SJ 726 Time: 03/01/2012 - 10:16 AM Member: Committee: Version: __
Event: S Now in Budget -SJ 279 Time: 01/25/2012 - 8:03 AM Member: Committee: Version: __
Event: S Favorable by Budget Subcommittee on Finance and Tax; YEAS 5 NAYS 0 -SJ 279 Time: 01/24/2012 - 2:49 PM Member: Committee: Version: __
Event: S On Committee agenda-- Budget Subcommittee on Finance and Tax, 01/24/12, 1:00 pm, 301 Senate Office Building Time: 01/19/2012 - 6:50 PM Member: Committee: Version: __
Event: S Now in Budget Subcommittee on Finance and Tax Time: 01/11/2012 - 12:33 PM Member: Committee: Version: __
Event: S Subreferred to Budget Subcommittee on Finance and Tax -SJ 160 Time: 01/11/2012 - 12:32 PM Member: Committee: Version: __
Event: S Introduced -SJ 21 Time: 01/10/2012 - 8:28 AM Member: Committee: Version: __
Event: S Now in Budget -SJ 110 Time: 01/10/2012 - 7:33 AM Member: Committee: Version: __
Event: S Favorable by Commerce and Tourism; YEAS 6 NAYS 0 -SJ 110 Time: 01/09/2012 - 5:13 PM Member: Committee: Version: __
Event: S On Committee agenda-- Commerce and Tourism, 01/09/12, 3:15 pm, 401 Senate Office Building Time: 12/21/2011 - 1:40 PM Member: Committee: Version: __
Event: S Now in Commerce and Tourism -SJ 110 Time: 10/04/2011 - 12:07 PM Member: Committee: Version: __
Event: S Favorable by Community Affairs; YEAS 5 NAYS 0 -SJ 110 Time: 10/04/2011 - 10:44 AM Member: Committee: Version: __
Event: S On Committee agenda-- Community Affairs, 10/04/11, 8:30 am, 412 Knott Building Time: 09/26/2011 - 1:26 PM Member: Committee: Version: __
Event: S Referred to Community Affairs; Commerce and Tourism; Budget -SJ 21 Time: 09/08/2011 - 2:55 PM Member: Committee: Version: __
Event: S Filed Time: 08/29/2011 - 2:26 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
202.31 HB 103*
212.10 HB 103*
213.053 HB 103*, SB 236, CS/CS/HB 749*, CS/CS/CS/SB 888*, CS/SB 1204, CS/CS/SB 1416, SB 1472, HB 1491, CS/HB 7027*, CS/HB 7041*, CS/CS/HB 7117*
213.758 HB 103*

(*) Not the latest version