CS/SB 1384: Transfer of Tax Liability
GENERAL BILL by Commerce and Tourism ; Altman
Transfer of Tax Liability; Revises provisions relating to tax liability when a person transfers or quits a business. Provides that the transfer of the assets of a business or stock of goods of a business under certain circumstances is considered a transfer of the business. Provides that transferees of the business are liable for certain taxes unless specified conditions are met. Provides methods for calculating the fair market value or total purchase price of specified business transfers to determine maximum tax liability of transferees, etc.
Senate Committee References:
- Commerce and Tourism (CM)
- Judiciary (JU)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/24/2011 | Senate |
• Filed |
| 3/7/2011 | Senate |
• Referred to Commerce and Tourism; Judiciary; Budget -SJ 103 |
| 3/8/2011 | Senate |
• Introduced -SJ 103 |
| 4/7/2011 | Senate |
• On Committee agenda-- Commerce and Tourism, 04/12/11, 9:15 am, 401 Senate Office Building |
| 4/12/2011 | Senate |
• CS by Commerce and Tourism; YEAS 6 NAYS 0 -SJ 470 |
| 4/14/2011 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) |
| 4/15/2011 | Senate |
• Now in Judiciary -SJ 470 |
| 4/20/2011 | Senate |
• On Committee agenda-- Judiciary, 04/25/11, 9:45 am, 110 Senate Office Building |
| 4/25/2011 | Senate |
• Favorable by Judiciary; YEAS 7 NAYS 0 -SJ 468 • Now in Budget -SJ 468 |
| 4/26/2011 | Senate |
• CS by Commerce and Tourism read 1st time -SJ 485 |
| 5/3/2011 | Senate |
• Withdrawn from Budget -SJ 725 • Placed on Calendar, on 2nd reading |
| 5/5/2011 | Senate |
• Placed on Special Order Calendar, 05/05/11 • Placed on Special Order Calendar, 05/06/11 |
| 5/7/2011 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died on Calendar |
