DOTAX; Form 1099-R; Distributions; Income Tax; Voluntary Withholding; Rules
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
Provides that taxable income subject to reporting as distribution on Internal Revenue Service Form 1099-R may be subject to withholding at the taxpayer's election. Requires the Department of Taxation to adopt rules and prescribe forms. Applicable to taxable years beginning after 12/31/2026. (CD1)
Bill text
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Document of record
- Version
- SB2881 .PDF file
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Sponsors
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4 on record
Primary sponsor
Donna Mercado Kim
Cosponsors
Angus L.K. McKelvey
Arguments
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