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2015 SESSION

• | print version

SB 1040 License tax; businesses ceasing operations.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

License tax; businesses ceasing operations. Allows a person, firm, or corporation that ceases business in one year, but attempts to settle existing, outstanding accounts in the next year, to pay a license tax based on the estimate of the current year's gross receipts instead of the previous year's gross receipts. At the time all accounts are closed, the amount paid shall be adjusted for actual gross receipts. Penalties apply if the person, firm, or corporation provides an unreasonable estimate, or if the person, firm, or corporation continues to operate the business during such a year.

FULL TEXT

• 01/12/15  Senate: Prefiled and ordered printed; offered 01/14/15 15102367D  pdf | impact statement
• 02/25/15  Senate: Bill text as passed Senate and House (SB1040ER)  pdf | impact statement
• 03/17/15  Governor: Acts of Assembly Chapter text (CHAP0250)  pdf

AMENDMENTS

• House amendments
• House amendments engrossed

HISTORY

• 01/12/15  Senate: Prefiled and ordered printed; offered 01/14/15 15102367D
• 01/12/15  Senate: Referred to Committee on Finance
• 01/27/15  Senate: Reported from Finance (14-Y 0-N)
• 01/28/15  Senate: Constitutional reading dispensed (38-Y 0-N)
• 01/29/15  Senate: Read second time and engrossed
• 01/30/15  Senate: Read third time and passed Senate (38-Y 0-N)
• 02/06/15  House: Placed on Calendar
• 02/06/15  House: Read first time
• 02/06/15  House: Referred to Committee on Finance
• 02/10/15  House: Assigned Finance sub: Subcommittee #2
• 02/11/15  House: Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
• 02/16/15  House: Reported from Finance with amendments (22-Y 0-N)
• 02/17/15  House: Read second time
• 02/18/15  House: Read third time
• 02/18/15  House: Committee amendments agreed to
• 02/18/15  House: Engrossed by House as amended
• 02/18/15  House: Passed House with amendments BLOCK VOTE (100-Y 0-N)
• 02/18/15  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/20/15  Senate: House amendments agreed to by Senate (38-Y 0-N)
• 02/25/15  Senate: Enrolled
• 02/25/15  Senate: Bill text as passed Senate and House (SB1040ER)
• 02/25/15  House: Signed by Speaker
• 02/26/15  Senate: Signed by President
• 02/26/15  Senate: Enrolled Bill Communicated to Governor on 2/26/15
• 02/26/15  Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
• 03/17/15  Governor: Approved by Governor-Chapter 250 (effective 7/1/15)
• 03/17/15  Governor: Acts of Assembly Chapter text (CHAP0250)