RELATING TO THE GENERAL EXCISE TAX LICENSING OF SINGLE- MEMBER LIMITED LIABILITY COMPANIES
By Representative(s) SAY (BR)
Companion Bill: SB 1176
Subjects: Governor
Keywords: BUSINESS ENTERPRISES, CORPORATIONS, GENERAL EXCISE TAX, TAX ASSESSMENT AND COLLECTION, TAXATION
Report Title: Limited Liability Comp.; Taxes
Description: Provides an exception from the general excise tax licensing, reporting, and tax liability for a single-member limited liability company when the member is licensed and pays the appropriate general excise tax on the gross income derived.
1-27-99 H Introduced and passed First Reading
1-28-99 H Referred to the committees on 1. EDB 2. FIN ,
referral sheet 5
1-19-00 H Carried over to 2000 Regular Session.