Scott Baldwin
- Republican
- Senator
- District 20
Author
Authorizes certain pass through entities to make an election to pay tax at the entity level based on each owner's aggregate share of adjusted gross income. Provides a refundable tax credit equal to the amount of tax paid by the electing entity with regard to the owner's share. Allows a credit for pass through entity taxes that are imposed by and paid to another state. Makes certain changes to provisions that apply to taxpayers who file a combined return for the financial institutions tax. Makes conforming changes for purposes of partnership audit and administrative adjustments.
Signed by the Governor
Public Law 1
Returned to the Senate without amendments
Third reading: passed; Roll Call 151: yeas 98, nays 0
Signed by the President of the Senate
Signed by the Speaker
Signed by the President Pro Tempore
Representatives DeLaney and Porter added as cosponsors
Amendment #1 (Porter) failed; Roll Call 144: yeas 28, nays 64
Second reading: ordered engrossed
Committee report: do pass, adopted
Referred to the House
First reading: referred to Committee on Ways and Means
Cosponsor: Representative Thompson
House sponsor: Representative Snow
Third reading: passed; Roll Call 61: yeas 48, nays 0
Second reading: ordered engrossed
Senator Buchanan added as coauthor
Senator Qaddoura added as coauthor
Senator Randolph added as coauthor
Committee report: amend do pass, adopted
Senator Holdman removed as third author
Senators Ford Jon, Rogers, Walker K added as coauthors
Authored by Senators Baldwin, Garten, Holdman
First reading: referred to Committee on Tax and Fiscal Policy
| Bill Text Versions | Format |
|---|---|
| Introduced Senate Bill (S) | |
| Senate Bill (S) | |
| Senate Bill (H) | |
| Enrolled Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0002.04.ENRH.FN001 |
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