BILL · 1997–98 SESSION

SB 6449: Intangble rights roylties/tx

Specifying a business and occupation tax rate for income in the nature of royalties for the use of intangible rights.

Summary

  • A new tax classification is created for businesses receiving income from royalties. Income received from royalties is taxed at 0.484 percent.

From the Senate Bill Report (SB 6449), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 331, Laws of 1998
  1. IntroducedJan 19, 1998
  2. Out of committee
  3. Passed SenateFeb 13, 1998
  4. Passed HouseMar 10, 1998
  5. Governor
  6. LawApr 3, 1998
Prime sponsor
James West (R-6)
Introduced
January 19, 1998 in the Senate
Last action
April 3, 1998
Session law
Chapter 331, Laws of 1998
Requested by
Governor
Companion bill
HB 2647
Budget
Has a fiscal note

Sponsors

Votes

Senate · Final Passage

February 13, 1998
Version voted on: SB 6449
48 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat22001
Republican26000
How each member voted

House · Final Passage

March 10, 1998
Version voted on: SB 6449
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat39002
Republican55002
How each member voted

Yea (94)

Excused (4)

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 6449 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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