2017 Regular Session
Overview
At the request of: | (at the request of Senate Interim Committee on Finance and Revenue) |
Chief Sponsors: | |
Regular Sponsors: | |
Bill Title: | Relating to the taxation of the property of limited liability companies; and prescribing an effective date. |
Catchline/Summary: | Provides that property of limited liability company qualifies for property tax exemption or special assessment if limited liability company is wholly owned by nonprofit corporations or public bodies and property, if held directly by each nonprofit corporation owner of limited liability company, would qualify for such exemption or special assessment. |
Chapter Number: | Chapter 445 |
Fiscal Impact: | No Fiscal Impact |
Revenue Impact: | Revenue Impact Issued |
Measure Analysis: | Staff Measure Summary / Impact Statements |
Current Location: | Chapter Number Assigned |
Current Committee: | |
Current Subcommittee: | |
Subsequent Referral(s): |
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Potential Conflicts of Interest/Vote Explanations: | Potential Conflicts of Interest/Vote Explanation Documents |