Introduced by Rep. John R. Brautigam (D) on December 21, 2007, this bill allows a member of a pass-through entity, such as a limited liability company or S corporation, to receive an income tax credit against taxes imposed on that member’s distributive share or pro rata share of the pass-through entity’s income.
Referred to the Taxation Committee on December 21, 2007.
Amendment offered in the House on April 7, 2008. The amendment passed in the House by voice vote on April 7, 2008.
Passed in the House by voice vote on April 7, 2008.
Received in the Senate on April 7, 2008.
Failed in the Senate by voice vote on April 18, 2008, the senate/or house decided against further actions and the bill is dead.