HB 1511: Intangible Personal Property Taxes
GENERAL BILL by Kosmas ; (CO-INTRODUCERS) Starks
Intangible Personal Property Taxes; provides for taxation of certain intangible personal property transferred to person or entity outside state & then repurchased to avoid taxation; provides that grantor shall be treated as owning property that constitutes trust principal under certain conditions; increases exemption from first mill of annual tax granted to natural persons; directs DOR to establish form that provides notice of annual intangible tax, etc. Amends Ch. 199.
Effective Date: 07/01/1997
Last Action: 5/1/1998 House - Died in Committee on Financial Services (EIC)
Bill Text: Web Page | PDF
Last Action: 5/1/1998 House - Died in Committee on Financial Services (EIC)
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/14/1997 | House |
• Filed |
| 3/19/1997 | House |
• Introduced -HJ 00235 |
| 3/24/1997 | House |
• Referred to Financial Services (EIC); Finance & Taxation (FRC); General Government Appropriations -HJ 00325 |
| 5/2/1997 | House |
• Carried over to 1998 Session pursuant to House Rule 96, In House Committee on Financial Services (EIC) |
| 3/3/1998 | House |
• CARRIED OVER; Referred to Financial Services (EIC); Finance & Taxation (FRC); General Government Appropriations |
| 5/1/1998 | House |
• Died in Committee on Financial Services (EIC) |