SB 2270: Corporate Income Tax/Water's Edge Group [WPSC]
GENERAL BILL by Gelber ; (CO-INTRODUCERS) Rich
Corporate Income Tax/Water's Edge Group [WPSC]; Requires the subtraction of certain dividends from taxable income. Provides rules and criteria to determine if a corporation is a member of a water's edge group. Provides a reporting method for such group. Provides for the apportionment of income to the state. Deletes provisions relating to affiliated groups with respect to certain sales of a financial institution, etc. APPROPRIATION: Indeterminate.
Effective Date: 07/01/2009
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Policy & Steering Committee on Ways and Means
Bill Text: Web Page | PDF
Last Action: 5/2/2009 Senate - Indefinitely postponed and withdrawn from consideration; Died in Committee on Policy & Steering Committee on Ways and Means
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 2/26/2009 Senate • Filed
3/10/2009 Senate • Referred to Commerce; Finance and Tax; General Government Appropriations; Policy & Steering Committee on Ways and Means -SJ 00179
3/19/2009 Senate • Introduced -SJ 00179
3/27/2009 Senate • On Committee agenda-- Commerce, 04/01/09, 4:00 pm, 401-S
4/1/2009 Senate • Favorable by Commerce; YEAS 10 NAYS 0 -SJ 00291
4/2/2009 Senate • Now in Finance and Tax -SJ 00291
4/8/2009 Senate • On Committee agenda-- Finance and Tax, 04/15/09, 9:45 am, 301-S
4/15/2009 Senate • Favorable by Finance and Tax; YEAS 4 NAYS 1 -SJ 00394; Now in General Government Appropriations -SJ 00394; On Committee agenda-- General Government Appropriations, 04/20/09, 1:30 pm, 401-S
4/20/2009 Senate • Favorable by General Government Appropriations; YEAS 3 NAYS 2 -SJ 00412
4/21/2009 Senate • Now in Policy & Steering Committee on Ways and Means -SJ 00412
5/2/2009 Senate • Indefinitely postponed and withdrawn from consideration; Died in Committee on Policy & Steering Committee on Ways and Means
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SB 2270, Original Filed Version (Current Bill Version) Posted 2/26/2009 at 5:49 PM
Bill Text: Web Page | PDF Analyses: Commerce (Post-Meeting) 4/1/2009 (pdf)
Finance and Tax (Post-Meeting) 4/7/2009 (pdf)
General Government Appropriations (Post-Meeting) 4/16/2009 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location H 1247 Corporate Income Tax Randolph Similar Last Action: 5/2/2009 H Indefinitely postponed and withdrawn from consideration; Died in Criminal & Civil Justice Policy Council
Location:Committee Votes (3)
Date Committee Result 4/1/2009 4:00 PM Commerce 10 Yeas - 0 Nays 4/15/2009 9:45 AM Finance and Tax 4 Yeas - 1 Nays 4/20/2009 1:30 PM General Government Appropriations 3 Yeas - 2 Nays Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 220.03 Definitions. 220.13 "Adjusted federal income" defined. 220.131 Adjusted federal income; affiliated groups. 220.136 220.1363 220.14 Exemption. 220.15 Apportionment of adjusted federal income. 220.183 Community contribution tax credit. 220.1845 Contaminated site rehabilitation tax credit. 220.187 Credits for contributions to nonprofit scholarship-funding organizations. 220.191 Capital investment tax credit. 220.192 Renewable energy technologies investment tax credit. 220.193 Florida renewable energy production credit. 220.51 Promulgation of rules and regulations. 220.64 Other provisions applicable to franchise tax.