HB 241 - Income tax; resident limited partnership; nonresident member (2)

First Reader Summary

A BILL to amend Chapter 7 of Title 48 of the Official Code of Georgia Annotated, relating to income taxes, so as to provide that the distributive share of a nonresident member of a resident limited partnership which derives income exclusively from buying, selling, dealing in, and holding securities on its own behalf and not as a broker shall not constitute taxable income; and for other purposes.

Smyre, Calvin (136th) Skipper, Jimmy (137th) Buck, III, Thomas B (135th)
Harbin, Ben (113th) Day, Jr., C. Burke (153rd)
Full Text HC: W&M SC: F&PU
F/R: 01/27/97 L/A: 04/04/97 Signed by Governor
Code Sections Amended: 48

Recorded Votes

House Action Senate
1/27/97 Read 1st Time 2/14/97
1/28/97 Read 2nd Time 2/21/97
2/7/97 Favorably Reported 2/20/97
Sub Committee Amend/Sub
2/13/97 Read 3rd Time 3/7/97
2/13/97 Passed/Adopted 3/7/97
CS Comm/Floor Amend/Sub
3/31/97 Sent to Governor
4/4/97 Signed by Governor
48 Act/Veto Number
4/4/97 Effective Date

Code Sections

Code Sections amended: 48-7-23, 48-7-24, 48-7-129

Clerk of the House
Robert E. Rivers, Jr., Clerk
Last Updated on 04/20/98