HB 3417: Intangible Personal Property Taxes
GENERAL BILL by Brown ; (CO-INTRODUCERS) Kelly
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Last Action: 3/24/1998 House - Withdrawn from Financial Services (EIC); Finance & Taxation (FRC); General Government Appropriations; Withdrawn from further consideration -HJ 00314
Bill Text: Web Page | PDF
Last Action: 3/24/1998 House - Withdrawn from Financial Services (EIC); Finance & Taxation (FRC); General Government Appropriations; Withdrawn from further consideration -HJ 00314
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/15/1998 | House |
• Prefiled |
| 1/30/1998 | House |
• Referred to Financial Services (EIC); Finance & Taxation (FRC); General Government Appropriations |
| 3/3/1998 | House |
• Introduced, referred to Financial Services (EIC); Finance & Taxation (FRC); General Government Appropriations -HJ 00033 |
| 3/24/1998 | House |
• Withdrawn from Financial Services (EIC); Finance & Taxation (FRC); General Government Appropriations; Withdrawn from further consideration -HJ 00314 |