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2012 SESSION

• | print version

HB 879 Income tax, state; subtraction for certain death benefit payments.

Introduced by: Mark D. Sickles | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; subtraction for certain death benefit payments.  Clarifies that the current subtraction applies only to death benefit payments (i) paid to a beneficiary that are pursuant to an annuity contract between an annuitant and an insurance company and (ii) paid solely by lump sum. The bill reflects the current manner in which the Department of Taxation is implementing the subtraction.

FULL TEXT

• 01/11/12  House: Prefiled and ordered printed; offered 01/11/12 12101171D  pdf | impact statement
• 03/05/12  House: Bill text as passed House and Senate (HB879ER)  pdf | impact statement
• 03/21/12  Governor: Acts of Assembly Chapter text (CHAP0305)  pdf

AMENDMENTS

• Senate amendments
• Senate amendments engrossed

HISTORY

• 01/11/12  House: Prefiled and ordered printed; offered 01/11/12 12101171D
• 01/11/12  House: Referred to Committee on Finance
• 01/20/12  House: Assigned Finance sub: #2
• 01/25/12  House: Subcommittee recommends reporting (10-Y 0-N)
• 01/30/12  House: Reported from Finance (22-Y 0-N)
• 01/31/12  House: Read first time
• 02/01/12  House: Read second time and engrossed
• 02/02/12  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 02/02/12  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/03/12  Senate: Constitutional reading dispensed
• 02/03/12  Senate: Referred to Committee on Finance
• 02/22/12  Senate: Reported from Finance with amendment (13-Y 0-N)
• 02/23/12  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/24/12  Senate: Read third time
• 02/24/12  Senate: Reading of amendment waived
• 02/24/12  Senate: Committee amendment agreed to
• 02/24/12  Senate: Engrossed by Senate as amended
• 02/24/12  Senate: Passed Senate with amendment (37-Y 0-N)
• 02/24/12  Senate: Reconsideration of Senate passage agreed to by Senate (38-Y 0-N)
• 02/24/12  Senate: Passed Senate with amendment (38-Y 0-N)
• 02/27/12  House: Placed on Calendar
• 02/28/12  House: Senate amendment agreed to by House (98-Y 0-N)
• 02/28/12  House: VOTE: ADOPTION (98-Y 0-N)
• 03/05/12  House: Enrolled
• 03/05/12  House: Bill text as passed House and Senate (HB879ER)
• 03/05/12  House: Signed by Speaker
• 03/07/12  Senate: Signed by President
• 03/21/12  Governor: Approved by Governor-Chapter 305 (effective 7/1/12)
• 03/21/12  Governor: Acts of Assembly Chapter text (CHAP0305)