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2009 SESSION
SB 978 Income taxes, state; recognition of income from dealer disposition of property under installment.
Introduced by: Richard H. Stuart | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income taxes; recognition of income from dealer dispositions of property. Allows the income from dealer dispositions of property made on or after January 1, 2009, to be recognized under the installment method at the election of the taxpayer, provided that (i) the election relating to the dealer disposition of the property has been made on or before the due date prescribed by law for filing the taxpayer's income tax return, and (ii) the dealer disposition is in accordance with restrictions and conditions established by the Department.
FULL TEXT
- 01/12/09 Senate: Prefiled and ordered printed; offered 01/14/09 098057333 pdf | impact statement
- 02/23/09 Senate: Bill text as passed Senate and House (SB978ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0508) pdf
AMENDMENTS
HISTORY
- 01/12/09 Senate: Prefiled and ordered printed; offered 01/14/09 098057333
- 01/12/09 Senate: Referred to Committee on Finance
- 02/03/09 Senate: Reported from Finance (16-Y 0-N)
- 02/04/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/05/09 Senate: Read second time and engrossed
- 02/06/09 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/11/09 House: Placed on Calendar
- 02/11/09 House: Read first time
- 02/11/09 House: Referred to Committee on Finance
- 02/11/09 House: Assigned Finance sub: 1
- 02/11/09 House: Subcommittee recommends reporting with amendment(s)
- 02/16/09 House: Reported from Finance with amendments (22-Y 0-N)
- 02/17/09 House: Read second time
- 02/18/09 House: Read third time
- 02/18/09 House: Committee amendments agreed to
- 02/18/09 House: Engrossed by House as amended
- 02/18/09 House: Passed House with amendments BLOCK VOTE (98-Y 0-N)
- 02/18/09 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/18/09 Senate: House amendments agreed to by Senate (40-Y 0-N)
- 02/23/09 Senate: Enrolled
- 02/23/09 Senate: Bill text as passed Senate and House (SB978ER)
- 02/24/09 House: Signed by Speaker
- 02/25/09 Senate: Signed by President
- 03/27/09 Governor: Approved by Governor-Chapter 508 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0508)