SB 748 Requires property taxes paid by certain non-resident taxpayers to be added-back to adjusted gross income
Sponsor: Ridgeway
LR Number: 3499S.01P Fiscal Note: 3499-01
Committee: Ways & Means
Last Action: 6/23/2008 - Signed by Lt. Governor (Acting Governor) Journal Page:
Title: Calendar Position:
Effective Date: Emergency Clause
House Handler: LeVota

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Current Bill Summary

SB 748 - Under current law, a non-resident income taxpayer must add any amount of property taxes paid to another state back into adjusted gross income. This act would only require non-resident taxpayers to add-back property taxes paid to adjusted gross income, if the property is located in another state, political subdivision of a state or the District of Columbia, which does not allow a similar subtraction from income for property taxes paid to this state.

This act contains an emergency clause.