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
  1. IntroducedJan 22, 2010
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. 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

  1. By resolution, reintroduced and retained in present status.
  2. 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.

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