2017 Regular Session
|At the request of:||(at the request of Senate Interim Committee on Finance and Revenue)|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||Relating to election of reduced rate of taxation on pass-through income; prescribing an effective date.|
Provides for taxpayer election of reduced tax rate for certain pass-through nonpassive income on original or amended tax return.
Provides that election is revocable. Applies to tax years beginning on or after January 1, 2015, and before January 1, 2016. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee|
|Current Committee:||Senate Committee On Finance and Revenue|