LCO No. 1549 1 of 1
General Assembly Proposed Bill No. 5600
January Session, 2019
LCO No. 1549
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. DAVIS C., 57th Dist.
AN ACT CONCERNING A STUDY OF THE TAX IMPLICATIONS OF
ALLOWING BENEFIT LIMITED LIABILITY COMPANIES UNDER
STATE LAW.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the chairs and ranking members of the joint standing 1
committee of the General Assembly having cognizance of matters 2
relating to finance, revenue and bonding study and evaluate the 3
potential tax implications of allowing companies to organize as benefit 4
limited liability companies under state law. 5
Statement of Purpose:
To require the chairs and ranking members of the finance committee to
study and evaluate the potential tax implications of allowing
companies to organize as benefit limited liability companies under
state law.