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2006 SESSION
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.
FULL TEXT
- 01/10/06 Senate: Prefiled and ordered printed; offered 01/11/06 065276140 pdf | impact statement
- 02/28/06 House: Committee substitute printed 067382844-H1 pdf
AMENDMENTS
HISTORY
- 01/10/06 Senate: Prefiled and ordered printed; offered 01/11/06 065276140
- 01/10/06 Senate: Referred to Committee on Finance
- 02/08/06 Senate: Reported from Finance (13-Y 2-N)
- 02/09/06 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/09/06 Senate: VOTE: (39-Y 0-N)
- 02/10/06 Senate: Read second time and engrossed
- 02/13/06 Senate: Read third time and passed Senate (36-Y 3-N)
- 02/13/06 Senate: VOTE: (36-Y 3-N)
- 02/13/06 Senate: Communicated to House
- 02/14/06 House: Placed on Calendar
- 02/14/06 House: Read first time
- 02/14/06 House: Referred to Committee on Finance
- 02/28/06 House: Reported from Finance with substitute (9-Y 8-N)
- 02/28/06 House: Committee substitute printed 067382844-H1
- 02/28/06 House: Read second time
- 03/01/06 House: Read third time
- 03/01/06 House: Committee substitute agreed to 067382844-H1
- 03/01/06 House: Amendment by Delegate Hull agreed to
- 03/01/06 House: Pending question ordered
- 03/01/06 House: Defeated by House (41-Y 57-N)
- 03/01/06 House: VOTE: DEFEATED (41-Y 57-N)