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2006 SESSION

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SB 276 Income tax, state; different tax rate on income derived from sale of certain real estate.

Introduced by: Mary Margaret Whipple | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; different tax rate on income derived from sale of certain real estate.  Provides for the imposition of a 2.3% tax rate on the taxable proceeds from a sale of an apartment building or complex to its tenant organization or to a nonprofit organization, effective for taxable years beginning on and after January 1, 2007.


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