SB 2881: DOTAX; FORM 1099-R; DISTRIBUTIONS; INCOME TAX; VOLUNTARY WITHHOLDING; RULES
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-03-05
Current Status:
In Progress
(2026-03-05: 48 Hrs. Notice 3/10/2026.)
Introduced
First Committee Review
First Chamber
Second Committee Review
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. (SD1)
