SB 1176 SD 1

RELATING TO THE GENERAL EXCISE TAX LICENSING OF SINGLE-MEMBER LIMITED LIABILITY COMPANIES

By Senator(s) MIZUGUCHI (BR)

Companion Bill: HB 1204

Subjects: Governor

Keywords: BUSINESS ENTERPRISES, CORPORATIONS, GENERAL EXCISE TAX, TAX ASSESSMENT AND COLLECTION, TAXATION

Report Title: LLCs; 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 an individual, is licensed, and pays the appropriate general excise tax on gross income derived. (SD1)

 1-26-99        S Introduced and passed First Reading                      
 1-27-99        S Referred to 1. CPN 2. WAM                                
 2-12-99        S Bill scheduled to be heard by CPN on 02-18-99 at
                  9:00 a.m. in conference room 016
 2-18-99        S The committee on CPN recommends that the measure be         
                  PASSED, UNAMENDED.
 2-18-99        S The votes in CPN were as follows: 6 Ayes: Senator(s)        
                  Kanno, Taniguchi, Ihara, Inouye, Matsuura, Slom;
                  Ayes with reservations: Senator(s) ; none Noes:
                  Senator(s) ; and 2 Excused: Senator(s) Bunda,
                  Hanabusa
 2-19-99        S Reported from CPN (Stand. Com. Rep. No. 410) with
                  recommendation of passage on Second Reading and
                  referral to WAM
 2-19-99        S Report adopted; Passed Second Reading and referred
                  to WAM.
 2-24-99        S Bill scheduled to be heard by WAM on 02-26-99 at
                  8:30 a.m. in conference room 211
 2-26-99        S The measure is deferred.                                 
 3- 2-99        S Notice of public decision making by WAM on 03-04-99         
                  at 6:00 p.m. in conference room 211.
 3- 4-99        S Notice of public decision making by WAM has been
                  rescheduled to 03-05-99 at 10:30 a.m. in conference         
                  room 211.
 3- 5-99        S The committee on WAM recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 3- 5-99        S The votes in WAM were as follows: 10 Ayes:
                  Senator(s) Fukunaga, Levin, Buen, Chun, Chun
                  Oakland, Iwase, Kawamoto, Nakata, Tam, Taniguchi;
                  Ayes with reservations: Senator(s) ; none Noes:
                  Senator(s) ; and 3 Excused: Senator(s) D. Ige, M.
                  Ige, Anderson
 3- 5-99        S Reported from WAM (Stand. Com. Rep. No. 773) with
                  recommendation of passage on Third Reading, as
                  amended (SD 1)
 3- 5-99        S 48 hours notice 03-09-99                                 
 3- 9-99        S Report adopted; Passed Third Reading, as amended (SD        
                  1). Ayes, 25.  Noes, none.  Excused, none.
 3- 9-99        S Transmitted to House                                     
 3- 9-99        H Received from Senate (Sen. Com. No. 282)                 
 3-11-99        H Introduced and passed First Reading                      
 3-11-99        H Referred to the committees on 1. EDB 2. FIN ,
                  referral sheet 26
 3-12-99        H Bill scheduled to be heard by EDB on Monday,
                  03-15-99 at 8:30 A.M. in House conference room 325.
 3-15-99        H The committee(s) recommends that the measure be
                  deferred until 03-18-99.
 3-16-99        H Bill scheduled for decision making on Thursday,
                  03-18-99 at 8:30 a.m. in House conference room 325.
 3-18-99        H The committee(s) recommends that the measure be
                  deferred until 03-25-99.
 3-22-99        H Bill scheduled for decision making on Thursday,
                  03-25-99 at 8:30 A.M. in House conference room 325.
 3-25-99        H The committee on EDB recommends that the measure be         
                  HELD.
 3-25-99        H The votes in EDB were as follows:11 Ayes: Rep.(s)
                  Herkes, Luke, Ahu Isa, Chang, Kaho`ohalahala,
                  Morihara, Saiki, Suzuki, Halford, Rath, Whalen; Ayes        
                  with reservations: Rep.(s) ; none Noes: Rep.(s) ;
                  and 2 Excused: Rep.(s) Abinsay, Ito
 1-19-00        S Carried over to 2000 Regular Session.