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The Florida Senate

SB 1692: Corporate Income Tax

GENERAL BILL by Rodriguez

Corporate Income Tax; Revising the definition of the term “taxpayer”; revising the definition of the term “adjusted federal income” to prohibit specified deductions, to limit certain carryovers, and to require subtractions of certain dividends paid and received within a water’s edge group for the purpose of determining subtractions from taxable income; specifying circumstances under which a corporation is presumed to be, deemed to be, or deemed not to be a member of a water’s edge group, etc.

Effective Date: 7/1/2019
Last Action: 3/26/2019 Senate - Laid on Table
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    3/1/2019 Senate • Filed
    3/8/2019 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 217
    3/13/2019 Senate • Introduced -SJ 216
    3/20/2019 Senate • On Committee agenda-- Commerce and Tourism, 03/25/19, 1:30 pm, 110 Senate Building
    3/25/2019 Senate • Unfavorable by Commerce and Tourism; YEAS 2 NAYS 2 -SJ 266
    3/26/2019 Senate • Laid on Table

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  • SB 1692, Original Filed Version (Current Bill Version) Posted 3/1/2019 at 2:18 PM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 3/22/2019 (pdf)
    Commerce and Tourism (Post-Meeting) 3/26/2019 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1377 Taxation Mercado Compare Last Action: 5/3/2019 H Died in Ways and Means Committee, companion bill(s) passed, see CS/HB 7123 (Ch. 2019-42)

    Committee Votes (1)

    Date Committee Result
    3/25/2019 1:30 PM Commerce and Tourism 2 Yeas - 2 Nays

    Citations - Statutes (17)

    Citation Catchline Location in Bill Location In Bill Help
    220.03 Definitions. Page 3 (pdf)
    220.13 “Adjusted federal income” defined. Page 5 (pdf)
    220.131 Adjusted federal income; affiliated groups. Page 16 (pdf)
    220.136 Page 16 (pdf)
    220.1363 Page 17 (pdf)
    220.14 Exemption. Page 22 (pdf)
    220.15 Apportionment of adjusted federal income. Page 22 (pdf)
    220.183 Community contribution tax credit. Page 24 (pdf)
    220.1845 Contaminated site rehabilitation tax credit. Page 24 (pdf)
    220.1875 Credit for contributions to eligible nonprofit scholarship-funding organizations. Page 25 (pdf)
    220.191 Capital investment tax credit. Page 26 (pdf)
    220.192 Renewable energy technologies investment tax credit. Page 27 (pdf)
    220.193 Florida renewable energy production credit. Page 27 (pdf)
    220.51 Promulgation of rules and regulations. Page 29 (pdf)
    220.64 Other provisions applicable to franchise tax. Page 30 (pdf)
    288.1254 Entertainment industry financial incentive program. Page 31 (pdf)
    376.30781 Tax credits for rehabilitation of drycleaning-solvent-contaminated sites and brownfield sites in designated brownfield areas; application process; rulemaking authority; revocation authority. Page 31 (pdf)

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