Did not become law. It stopped in the Senate's Finance and Revenue Committee on July 6, 2015. The 2015 session has ended.
2015 Regular Session
Senate Bill 59
Modifies conditions for optional reduced rates of personal income tax on nonpassive income attributable to partnership or S corporation by aligning with federal provision that allows for elective grouping of related entities that form economic unit.
What it does
The synopsis the Legislative Assembly published with the bill.
Modifies conditions for optional reduced rates of personal income tax on nonpassive income attributable to partnership or S corporation by aligning with federal provision that allows for elective grouping of related entities that form economic unit. Provides that reduced rates do not apply to income reported by spouses engaged in qualified joint venture. Applies to tax years beginning on or after January 1, 2016. Takes effect on 91st day following adjournment sine die.
Its course
January 12 to July 6, 2015, 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 action4 actions on 4 days
In the SenateJan 12 to Jul 6 · stopped175 days
Waiting for a committeeJan 12 to Jan 208 days
Finance and RevenueJan 20 to Jul 6 · stopped167 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 Jan 12 – Jul 6
- Jan 12Introduced
- Jan 20Sent to Finance and Revenue
- Feb 10Heard in Finance and Revenue
- Jul 6Died when the session ended
All 4 actions, as published
- Jan 12Introduction and first reading. Referred to President's desk.Senate
- Jan 20Referred to Finance and Revenue.Senate
- Feb 10Public Hearing held.Senate
- Jul 6In committee upon adjournment.Senate