Skip to Navigation | Skip to Main Content | Skip to Site Map

MyFloridaHouse.gov | Mobile Site

Senate Tracker: Sign Up | Login

The Florida Senate

Glossary of Legislative Terms

SB 704: Business Entities

GENERAL BILL by Klein

Business Entities; removes 10-year limit on voting trusts; creates holding company formation by merger by certain corporations; provides for mergers of domestic corporations & other business entities, limited liability companies & domestic limited partnerships under certain circumstances; provides legislative intent re taxation of "qualified subchapter S subsidiary"; exempts certain limited liability companies from corporate income tax, etc. Amends FS.

Effective Date: 07/01/1998
 Last Action: 5/22/1998 - Became Law without Governor's Signature; Chapter No. 98-101; See also CS/HB 4413 (Ch. 98-342), CS/SB 608 (Ch. 98-100)
Bill Text: Web Page | PDF

View By Bill Version View By Category

Expand All Collapse All

  • Bill History

    Date Chamber Action
    1/20/1998 Senate • Prefiled
    1/28/1998 Senate • Referred to Commerce and Economic Opportunities; Ways and Means
    3/3/1998 Senate • Introduced, referred to Commerce and Economic Opportunities; Ways and Means -SJ 00048; On Committee agenda-- Commerce and Economic Opportunities, 03/04/98, 9:00 am, Room-EL
    3/4/1998 Senate • Comm. Action: Favorable by Commerce and Economic Opportunities -SJ 00119; Now in Ways and Means -SJ 00119
    3/23/1998 Senate • On Committee agenda-- Ways and Means, 03/26/98, 2:30 pm, Room-EL --Not considered
    3/27/1998 Senate • On Committee agenda-- Ways and Means, 04/01/98, 12:30 pm, Room-EL
    4/1/1998 Senate • Comm. Action:-Favorable by Ways and Means -SJ 00374
    4/2/1998 Senate • Placed on Calendar -SJ 00374
    4/28/1998 Senate • Placed on Special Order Calendar -SJ 01092
    4/29/1998 Senate • Placed on Special Order Calendar -SJ 01092; Read second time -SJ 01123; Amendment(s) adopted -SJ 01124; Read third time -SJ 01134; Passed as amended; YEAS 39 NAYS 0 -SJ 01134
    4/29/1998 House • In Messages
    4/30/1998 House • Received -HJ 01749; Read second and third times -HJ 01750; Passed; YEAS 108 NAYS 0 -HJ 01750
    4/30/1998 Senate • Ordered enrolled -SJ 01526
    5/6/1998 • Signed by Officers and presented to Governor
    5/22/1998 • Became Law without Governor's Signature; Chapter No. 98-101; See also CS/HB 4413 (Ch. 98-342), CS/SB 608 (Ch. 98-100)

    Top of SectionTop of Page

  • SB 704, Enrolled (Current Bill Version) Posted 5/1/1998 at 10:41 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (5)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 1657 (c1) Mergers/Businesses or Corporations Kosmas Similar Last Action: 5/1/1998 H Died pending Consent Calendar, Iden./Sim./Compare bill passed refer to SB 704 (Ch. 98-101)
    Location:
    S 518 (c1) Mergers/Businesses or Corporations Grant Similar Last Action: 5/1/1998 S Died in Committee on Ways and Means, Iden./Sim./Compare Bill(s) passed, refer to SB 704 (Ch. 98-101)
    Location:
    H 1049 (e1) Limited Liability Companies Lacasa Compare Last Action: 5/1/1998 H Died on Calendar, Iden./Sim./Compare Bill(s) passed, refer to SB 704 (Ch. 98-101)
    Location:
    H 4413 (e1) Starks Compare Last Action: 5/30/1998 Became Law without Governor's Signature; Chapter No. 98-342; See also CS/SB 608 (Ch. 98-100), SB 704 (Ch. 98-101)
    Location:
    S 608 (c1) Ostalkiewicz Compare Last Action: 5/22/1998 Became Law without Governor's Signature; Chapter No. 98-100; See also CS/HB 4413 (Ch. 98-342), SB 704 (Ch. 98-101)
    Location:

    Citations - Statutes (32)

    Citation Catchline Location in Bill Location In Bill Help
    220.02 Legislative intent.
    220.03 Definitions.
    220.13 "Adjusted federal income" defined.
    220.22 Returns; filing requirement.
    607.0122 Fees for filing documents and issuing certificates.
    607.0402 Reserved name.
    607.0730 Voting trusts.
    607.1108
    607.1109
    607.11101
    607.1506 Corporate name of foreign corporation.
    608.405 Formation.
    608.406 Limited liability company name.
    608.4061 Limited liability company; reserved name.
    608.407 Articles of organization.
    608.438
    608.4381
    608.4382
    608.4383
    608.4384
    608.471 Tax on income of limited liability company.
    617.0122 Fees for filing documents and issuing certificates.
    617.0402 Reserved name.
    617.1506 Corporate name of foreign corporation.
    620.104 Reservation of name.
    620.182 Fees of the Department of State.
    620.201
    620.202
    620.203
    620.204
    620.205
    620.784 Name of registered limited liability partnership.

    Top of SectionTop of Page

  • SB 704, Engrossed 1 Posted 4/30/1998 at 1:15 AM

    Bill Text:   Web Page | PDF
    Analyses:   Financial Services (Post-Meeting) 5/27/1998 (pdf)

    Floor Votes (1)

    Date Chamber Result
    4/30/1998 10:25 AM House 108 Yeas - 0 Nays

    Citations - Statutes (32)

    Citation Catchline Location in Bill Location In Bill Help
    220.02 Legislative intent.
    220.03 Definitions.
    220.13 "Adjusted federal income" defined.
    220.22 Returns; filing requirement.
    607.0122 Fees for filing documents and issuing certificates.
    607.0402 Reserved name.
    607.0730 Voting trusts.
    607.1108
    607.1109
    607.11101
    607.1506 Corporate name of foreign corporation.
    608.405 Formation.
    608.406 Limited liability company name.
    608.4061 Limited liability company; reserved name.
    608.407 Articles of organization.
    608.438
    608.4381
    608.4382
    608.4383
    608.4384
    608.471 Tax on income of limited liability company.
    617.0122 Fees for filing documents and issuing certificates.
    617.0402 Reserved name.
    617.1506 Corporate name of foreign corporation.
    620.104 Reservation of name.
    620.182 Fees of the Department of State.
    620.201
    620.202
    620.203
    620.204
    620.205
    620.784 Name of registered limited liability partnership.

    Top of SectionTop of Page

  • SB 704, Original Filed Version Posted 1/21/1998 at 4:52 AM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Economic Opportunities (Post-Meeting) 3/3/1998 (pdf)
    Ways and Means (Post-Meeting) 3/20/1998 (pdf)

    Floor Amendments (10)

    Amendment Sponsor Filed Last Floor Action Format
    793940 - Amendment
    		Klein 4/25/1998
    1:00 AM     		Web Page
    920776 - Amendment
    		Klein 4/25/1998
    1:00 AM     		Web Page
    PDF
    154866 - Amendment
    		Klein 5/10/1998
    1:00 AM     		Web Page
    PDF
    325480 - Amendment
    		Klein 5/10/1998
    1:00 AM     		Web Page
    PDF
    330760 - Amendment
    		Klein 5/10/1998
    1:00 AM     		Web Page
    PDF
    485752 - Amendment
    		Klein 5/12/1998
    1:00 AM     		Web Page
    PDF
    562918 - Amendment
    		Grant 5/12/1998
    1:00 AM     		Web Page
    PDF
    hierarchy 605766 - Amendment to Amendment (562918)
    		Grant 4/30/1998
    1:00 AM     		Web Page
    PDF
    hierarchy 691742 - Amendment to Amendment (562918)
    		Grant 4/30/1998
    1:00 AM     		Web Page
    PDF
    711750 - Amendment
    		Klein 5/12/1998
    1:00 AM     		Web Page
    PDF

    Floor Votes (1)

    Date Chamber Result
    4/29/1998 12:39 PM Senate 39 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    220.02 Legislative intent.
    220.03 Definitions.
    220.13 "Adjusted federal income" defined.
    608.406 Limited liability company name.
    608.471 Tax on income of limited liability company.

    Top of SectionTop of Page