CS/SB 1384 (2011) -  Transfer of Tax Liability

General Bill by Commerce and Tourism and Altman
Transfer of Tax Liability: Revises provisions relating to tax liability when a person transfers or quits a business. Provides that the transfer of the assets of a business or stock of goods of a business under certain circumstances is considered a transfer of the business. Provides that transferees of the business are liable for certain taxes unless specified conditions are met. Provides methods for calculating the fair market value or total purchase price of specified business transfers to determine maximum tax liability of transferees, etc.
Effective Date: 07/01/2011
Last Event: 05/07/11 S Died on Calendar on Saturday, May 7, 2011 3:35 AM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
    • On agenda for: 04/12/11 9:15 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 6   Nays 0
  • Judiciary
    • On agenda for: 04/25/11 9:45 AM
    • Favorable (final action) Votes: Yeas 7   Nays 0

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/CS/HB 907 Subject: Transfer of Tax Liabillity Relationship: Similar
Bill #: SB 2044 Subject: Tax Administration Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Judiciary 4/25/2011 5:46:57 PM
Chamber: Senate Committee: Judiciary 4/22/2011 10:41:10 AM
Chamber: Senate Committee: Commerce and Tourism 4/19/2011 1:03:18 PM
Chamber: Senate Committee: Commerce and Tourism 4/11/2011 9:54:26 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died on Calendar Time: 05/07/2011 - 3:35 AM Member: Committee: Version: c1
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: c1
Event: S Placed on Special Order Calendar, 05/06/11 Time: 05/05/2011 - 8:35 PM Member: Committee: Version: c1
Event: S Placed on Special Order Calendar, 05/05/11 Time: 05/05/2011 - 5:30 PM Member: Committee: Version: c1
Event: S Placed on Calendar, on 2nd reading Time: 05/03/2011 - 10:20 AM Member: Committee: Version: c1
Event: S Withdrawn from Budget -SJ 725 Time: 05/03/2011 - 10:20 AM Member: Committee: Version: c1
Event: S CS by Commerce and Tourism read 1st time -SJ 485 Time: 04/26/2011 - 9:30 PM Member: Committee: Version: c1
Event: S Now in Budget -SJ 468 Time: 04/25/2011 - 5:59 PM Member: Committee: Version: c1
Event: S Favorable by Judiciary; YEAS 7 NAYS 0 -SJ 468 Time: 04/25/2011 - 1:51 PM Member: Committee: Version: c1
Event: S On Committee agenda-- Judiciary, 04/25/11, 9:45 am, 110 Senate Office Building Time: 04/20/2011 - 4:34 PM Member: Committee: Version: c1
Event: S Now in Judiciary -SJ 470 Time: 04/15/2011 - 4:30 PM Member: Committee: Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 04/14/2011 - 1:05 PM Member: Committee: Version: __
Event: S CS by Commerce and Tourism; YEAS 6 NAYS 0 -SJ 470 Time: 04/12/2011 - 12:17 PM Member: Committee: Version: __
Event: S On Committee agenda-- Commerce and Tourism, 04/12/11, 9:15 am, 401 Senate Office Building Time: 04/07/2011 - 4:58 PM Member: Committee: Version: __
Event: S Introduced -SJ 103 Time: 03/07/2011 - 5:34 PM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Judiciary; Budget -SJ 103 Time: 03/07/2011 - 1:56 PM Member: Committee: Version: __
Event: S Filed Time: 02/24/2011 - 10:53 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
202.31 CS/CS/CS/HB 907*, SB 2044
212.10 CS/CS/CS/HB 907*, SB 2044
213.053 SB 264, HB 397, CS/CS/SB 728, SB 774, CS/CS/HB 873*, CS/CS/CS/HB 907*, SB 924, HB 943*, CS/CS/HB 965*, CS/SB 976, HB 1209, CS/SB 1224, SB 1236, SB 1296, CS/SB 1388, CS/SB 1506, SB 1746, CS/CS/SB 1916, SB 2044, SB 2106, SB 2120, SB 2150, SB 2156, CS/HB 5005, CS/CS/HB 7005*, HB 7009, HB 7203*, HB 7217, HB 7247
213.758 CS/CS/CS/HB 907*, SB 2044

(*) Not the latest version