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1998 SESSION
HB 1120 Credit for taxes paid to other states.
Introduced by: I. Vincent Behm, Jr. | all patrons ... notes | add to my profiles
SUMMARY:
Credit for taxes paid to other states., Extends the state income tax credit for taxes paid on income to other states to include recognized capital gain on the sale of any capital asset, excluding assets based in a trade or business, to the extent such gain is included in federal adjusted gross income. Current law limits the credit to any earned income or business income or gain on the sale of a principal residence. Effective for taxable years beginning on and after January 1, 1998.
FULL TEXT
- 01/26/98 House: Presented & ordered printed 989129127 pdf
- 02/19/98 House: Printed as engrossed 989129127-E pdf
AMENDMENTS
HISTORY
- 01/26/98 House: Presented & ordered printed 989129127
- 01/26/98 House: Referred to Committee on Finance
- 01/29/98 House: Assigned to Finance sub-committee: 2
- 02/17/98 House: Reported from Finance with amd. (24-Y 0-N)
- 02/18/98 House: Read first time
- 02/19/98 House: Read second time
- 02/19/98 House: Committee amendment agreed to
- 02/19/98 House: Engrossed by House as amended
- 02/19/98 House: Printed as engrossed 989129127-E
- 02/20/98 House: Read third time and passed House (Block Vote) (97-Y 0-N)
- 02/20/98 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 02/20/98 House: Communicated to Senate
- 02/23/98 Senate: Constitutional reading dispensed
- 02/23/98 Senate: Referred to Committee on Finance
- 03/03/98 Senate: Continued to 1999 in Finance by voice vote