Introduced
by
To clarify what is included and excluded from the gross receipts of a firm for purposes of calculating its single business tax liability. This applies to things like trade discounts, refunds, proceeds from the sale of short term securities, certain insurance claim proceeds, etc.
Referred to the Committee on Finance
Substitute offered
To replace the previous version of the bill with one which incorporates technical changes resulting from ongoing discussions related to what items should and should not be included or excluded from the gross receipts of a firm for purposes of calculating its single business tax liability.
The substitute passed by voice vote
Amendment offered
by
To further clarify language in the bill defining what is included and excluded in the gross receipts of a firm for purposes of calculating its single business tax liability.
The amendment passed by voice vote
Passed in the Senate 31 to 3 (details)
Referred to the Committee on Tax Policy
Amendment offered
To replace the previous version of the bill with one which further clarifies the definition of capital assets and accounts receivable.
The amendment passed by voice vote
Amendment offered
by
To establish a new date on which the bill will go into effect if passed.
The amendment passed by voice vote
Passed in the House 90 to 15 (details)
To clarify what is included and excluded from the gross receipts of a firm for purposes of calculating its single business tax liability. This applies to things like trade discounts, refunds, proceeds from the sale of short term securities, certain insurance claim proceeds, etc.
Passed in the Senate 30 to 3 (details)
To concur with the House-passed version of the bill.
