SB 1654: Intangible Personal Property Taxes
GENERAL BILL by Klein
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; provides that such transfer or trust is prima facie evidence of intent to avoid taxation, & provides burden of proof; provides exemption for accounts receivable, etc. Amends Ch. 199.
Effective Date: Contingent
Last Action: 5/1/1998 Senate - Died in Committee on Ways and Means Subcommittee E (Finance and Tax)
Bill Text: Web Page | PDF
Last Action: 5/1/1998 Senate - Died in Committee on Ways and Means Subcommittee E (Finance and Tax)
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/3/1998 | Senate |
• Filed |
| 3/11/1998 | Senate |
• Introduced, referred to Ways and Means Subcommittee E (Finance and Tax); Ways and Means; Commerce and Economic Opportunities -SJ 00150 |
| 5/1/1998 | Senate |
• Died in Committee on Ways and Means Subcommittee E (Finance and Tax) |