SB 2 IN

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Became Law

Authorizes certain pass through entities to make an election to pay tax at the entity level based on each owner's aggregate share of adjusted gross income. Provides a refundable tax credit equal to the amount of tax paid by the electing entity with regard to the owner's share. Allows a credit for pass through entity taxes that are imposed by and paid to another state. Makes certain changes to provisions that apply to taxpayers who file a combined return for the financial institutions tax. Makes conforming changes for purposes of partnership audit and administrative adjustments.

• Scott Baldwin Republican · author
• Chris Garten Republican · author
• Craig Snow Republican · sponsor

1. Jan 9, 2023 Authored by Senators Baldwin, Garten, Holdman · upper
2. Jan 9, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
3. Jan 23, 2023 Senators Ford Jon, Rogers, Walker K added as coauthors · upper
4. Jan 30, 2023 Senator Holdman removed as third author · upper
5. Jan 31, 2023 Committee report: amend do pass, adopted · upper
6. Jan 31, 2023 Senator Qaddoura added as coauthor · upper
7. Jan 31, 2023 Senator Randolph added as coauthor · upper
8. Feb 2, 2023 Second reading: ordered engrossed · upper
9. Feb 2, 2023 Senator Buchanan added as coauthor · upper
10. Feb 6, 2023 Third reading: passed; Roll Call 61: yeas 48, nays 0 · upper
11. Feb 6, 2023 House sponsor: Representative Snow · upper
12. Feb 6, 2023 Cosponsor: Representative Thompson · upper
13. Feb 7, 2023 Referred to the House · upper
14. Feb 7, 2023 First reading: referred to Committee on Ways and Means · lower
15. Feb 14, 2023 Committee report: do pass, adopted · lower
16. Feb 16, 2023 Amendment #1 (Porter) failed; Roll Call 144: yeas 28, nays 64 · lower
17. Feb 16, 2023 Second reading: ordered engrossed · lower
18. Feb 20, 2023 Signed by the Speaker · lower
19. Feb 20, 2023 Signed by the President Pro Tempore · upper
20. Feb 20, 2023 Signed by the President of the Senate · upper
21. Feb 20, 2023 Third reading: passed; Roll Call 151: yeas 98, nays 0 · lower
22. Feb 20, 2023 Returned to the Senate without amendments · lower
23. Feb 20, 2023 Representatives DeLaney and Porter added as cosponsors · lower
24. Feb 22, 2023 Signed by the Governor · executive
25. Feb 22, 2023 Public Law 1 · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Enrolled Senate Bill (S) · Feb 20, 2023 · PDF
• Introduced Senate Bill (S) · Jan 9, 2023 · PDF
• Senate Bill (S) · Jan 31, 2023 · PDF
• Senate Bill (H) · Feb 14, 2023 · PDF