2019 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Relating to tax treatment of pass-through income; prescribing an effective date.|
Reduces amount of income eligible for elective reduced personal income tax rate allowed for certain pass-through income.
Requires that income must also be eligible for federal deduction available for pass-through income in order to use reduced rates. Applies to tax years beginning on or after January 1, 2019. 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 House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|