HB 1204

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.