SB 2881: DOTAX; FORM 1099-R; DISTRIBUTIONS; INCOME TAX; VOLUNTARY WITHHOLDING; RULES
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-05-01
Current Status:
Passed
(2026-06-09: Act 118, on 06/08/2026 (Gov. Msg. No. 1218).)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Version:
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)
Discussed in Hearing
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