BILL · 2009–10 SESSION
SB 6714: Tax avoidance
Addressing tax avoidance.
Summary
- Closes use tax and real estate excise tax loopholes and provides the department of revenue with enhanced tools to invalidate abusive tax avoidance transactions. Requires the department of revenue to assess a penalty of thirty-five percent of an additional tax found to be due, when the department finds the deficiency resulted from engaging in an abusive tax avoidance transaction.
From the Bill Digest (SB 6714), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 22, 2010
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Rodney Tom (D-48)
- Introduced
- January 22, 2010 in the Senate
- Last action
- March 15, 2010
- Requested by
- State agency
- Companion bill
- HB 2970
- Budget
- Has a fiscal note
AN ACT Relating to addressing tax avoidance;
Sponsors
Prime sponsor: Rodney Tom (D-48)
4 co-sponsors (4 Democrats, 0 Republicans)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Ways & Means.
SB 6714 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 6714 (2007–08) Crime prevention and privacy
- SB 6714 (2005–06) Microenterprise development
- SB 6714 (2003–04) Caseload forecast council
- SB 6714 (2001–02) Voluntary Payroll deductions
- SB 6714 (1999–00) Respiratory care practioners
- SB 6714 (1997–98) School capital imprvmnts/tax
- SB 6714 (1995–96) Head start program funding