36 §5180. Taxation of limited liability companies
Title 36: TAXATION
Part 8: INCOME TAXES
Chapter 814: LIMITED LIABILITY COMPANIES HEADING: PL 1999, C. 414, §41 (NEW)
§5180. Taxation of limited liability companies
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
1. (TEXT EFFECTIVE UNTIL 7/1/11) Classified as partnership. For purposes of taxation pursuant to this Part, a limited liability company formed under Title 31, chapter 13 or qualified to do business in this State as a foreign limited liability company is classified as a partnership, unless classified otherwise for federal income tax purposes, in which case the limited liability company is classified in the same manner as it is classified for federal income tax purposes.
[ 1999, c. 414, §41 (NEW) .]
1. (TEXT EFFECTIVE 7/1/11) Classified as partnership. For purposes of taxation pursuant to this Part, a limited liability company formed under Title 31, former chapter 13 or chapter 21 or qualified to do business in this State as a foreign limited liability company is classified as a partnership, unless classified otherwise for federal income tax purposes, in which case the limited liability company is classified in the same manner as it is classified for federal income tax purposes.
[ 2009, c. 629, Pt. A, §3 (AFF); 2009, c. 629, Pt. B, §9 (AMD) .]
2. (TEXT EFFECTIVE UNTIL 7/1/11) Taxation. The taxation of limited liability companies is also governed by Title 31, section 761.
[ 1999, c. 414, §41 (NEW) .]
2. (TEXT REPEALED 7/1/11) Taxation.
[[PL 1999, c. 414, § 41 (NEW).].]
[ 2009, c. 629, Pt. A, §3 (AFF); 2009, c. 629, Pt. B, §10 (RP) .]
SECTION HISTORY
1999, c. 414, §41 (NEW). 2009, c. 629, Pt. A, §3 (AFF). 2009, c. 629, Pt. B, §§9, 10 (AMD).