Did not become law. It stopped in the Senate's Finance and Revenue Committee on June 28, 2007. The 2007 session has ended.
2007 Regular Session
Senate Bill 1025
Directs Department of Revenue to establish and promote voluntary compliance initiative for taxpayers who utilize listed transactions to underreport personal or corporate income or excise taxes.
What it does
The synopsis the Legislative Assembly published with the bill.
Directs Department of Revenue to establish and promote voluntary compliance initiative for taxpayers who utilize listed transactions to underreport personal or corporate income or excise taxes. Waives penalties for taxpayers participating in voluntary compliance initiative. Applies to tax years beginning on or after January 1, 1999. Extends period for which notice of deficiency may be issued in cases in which returns reflect use of certain transactions to underpay tax liability. Takes effect on 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
Its course
March 12 to June 28, 2007, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 3 days
In the SenateMar 12 to Jun 28 · stopped108 days
Waiting for a committeeMar 12 to Mar 142 days
Finance and RevenueMar 14 to Jun 28 · stopped106 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the Senate Mar 12 – Jun 28
- Mar 12Introduced
- Mar 14Sent to Finance and Revenue
- Jun 28Died when the session ended
All 3 actions, as published
- Mar 12Introduction and first reading. Referred to President's desk.Senate
- Mar 14Referred to Finance and Revenue.Senate
- Jun 28In committee upon adjournment.Senate