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)
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Bill History
Date Chamber Action 8/29/2011 Senate • Filed
9/8/2011 Senate • Referred to Community Affairs; Commerce and Tourism; Budget -SJ 21
9/26/2011 Senate • On Committee agenda-- Community Affairs, 10/04/11, 8:30 am, 412 Knott Building
10/4/2011 Senate • Favorable by Community Affairs; YEAS 5 NAYS 0 -SJ 110
• Now in Commerce and Tourism -SJ 110
12/21/2011 Senate • On Committee agenda-- Commerce and Tourism, 01/09/12, 3:15 pm, 401 Senate Office Building
1/9/2012 Senate • Favorable by Commerce and Tourism; YEAS 6 NAYS 0 -SJ 110
1/10/2012 Senate • Now in Budget -SJ 110
• Introduced -SJ 21
1/11/2012 Senate • Subreferred to Budget Subcommittee on Finance and Tax -SJ 160
• Now in Budget Subcommittee on Finance and Tax
1/19/2012 Senate • On Committee agenda-- Budget Subcommittee on Finance and Tax, 01/24/12, 1:00 pm, 301 Senate Office Building
1/24/2012 Senate • Favorable by Budget Subcommittee on Finance and Tax; YEAS 5 NAYS 0 -SJ 279
1/25/2012 Senate • Now in Budget -SJ 279
3/1/2012 Senate • Withdrawn from Budget -SJ 726
• Placed on Calendar, on 2nd reading
3/2/2012 Senate • Placed on Special Order Calendar, 03/06/12
3/6/2012 Senate • 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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SB 170, Original Filed Version (Current Bill Version) Posted 8/29/2011 at 2:25 PM
Bill Text: Web Page | PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 103 (er) Transfer of Tax Liability Wood Identical Last Action: 4/7/2012 Chapter No. 2012-55
Location: Became Law
Committee Votes (3)
Date Committee Result 10/4/2011 8:30 AM Community Affairs 5 Yeas - 0 Nays 1/9/2012 3:15 PM Commerce and Tourism 6 Yeas - 0 Nays 1/24/2012 1:00 PM Budget Subcommittee on Finance and Tax 5 Yeas - 0 Nays Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 202.31 Sale of business; liability for tax; procedures; penalty for violations. Page 9 (pdf) 212.10 Sale of business; liability for tax, procedure, penalty for violation. Page 9 (pdf) 213.053 Confidentiality and information sharing. Page 8 (pdf) 213.758 Transfer of tax liabilities. Page 2 (pdf)