SB 170: Transfer of Tax Liability
GENERAL BILL by Altman
Transfer of Tax Liability; Revising provisions relating to a tax liability when a person transfers or quits a business; providing that the transfer of the assets of a business or stock of goods of a business under certain circumstances is considered a transfer of the business; requiring the Department of Revenue to provide certain notification to a business before a circuit court temporarily enjoins business activity by that business; providing that transferees of the business are liable for certain taxes unless specified conditions are met; requiring the department to conduct certain audits relating to the tax liability of transferors and transferees of a business within a specified time period; requiring certain notification by the Department of Revenue to a transferee before a circuit court enjoins business activity in an action brought by the Department of Legal Affairs seeking an injunction, etc.
Last Action: 3/6/2012 Senate - Laid on Table, companion bill(s) passed, see HB 103 (Ch. 2012-55) -SJ 876
Bill Text: Web Page | PDF
- Community Affairs (CA)
- Commerce and Tourism (CM)
- Budget Subcommittee on Finance and Tax (BFT)
• Referred to Community Affairs; Commerce and Tourism; Budget -SJ 21
• On Committee agenda-- Community Affairs, 10/04/11, 8:30 am, 412 Knott Building
• Favorable by Community Affairs; YEAS 5 NAYS 0 -SJ 110
• Now in Commerce and Tourism -SJ 110
• On Committee agenda-- Commerce and Tourism, 01/09/12, 3:15 pm, 401 Senate Office Building
• Favorable by Commerce and Tourism; YEAS 6 NAYS 0 -SJ 110
• Now in Budget -SJ 110
• Introduced -SJ 21
• Subreferred to Budget Subcommittee on Finance and Tax -SJ 160
• Now in Budget Subcommittee on Finance and Tax
• On Committee agenda-- Budget Subcommittee on Finance and Tax, 01/24/12, 1:00 pm, 301 Senate Office Building
• Favorable by Budget Subcommittee on Finance and Tax; YEAS 5 NAYS 0 -SJ 279
• Now in Budget -SJ 279
• Withdrawn from Budget -SJ 726
• Placed on Calendar, on 2nd reading
• Placed on Special Order Calendar, 03/06/12
• Read 2nd time -SJ 875
• Substituted HB 103 -SJ 876
• Laid on Table, companion bill(s) passed, see HB 103 (Ch. 2012-55) -SJ 876
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