SB 1131 - Current law provides for an alternative method for the taxation of the income of pass-through entities, and provides for a compensatory tax credit against income taxes due pursuant to other methods of taxation. This act applies such provisions to fiduciaries. This act also allows a designated affected business entity representative to sign the form electing to be taxed pursuant to the alternative method of taxation. This act is identical to SB 696 (2023) and to provisions in SB 1250 (2024) and SS/HB 1912 (2024). JOSH NORBERG