Senate Bill sb0018Eer
CODING: Words stricken are deletions; words underlined are additions.
ENROLLED
2002 Legislature SB 18-E
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2 An act relating to the corporate income tax;
3 adopting provisions of the Job Creation and
4 Workers Assistance Act of 2002, Pub. L. No.
5 107-147, as codified in the Internal Revenue
6 Code; amending s. 220.03, F. S.; providing for
7 the adoption of the 2002 version of the
8 Internal Revenue Code; providing for
9 construction of the act in pari materia with
10 other acts enacted at the 2002 Regular Session;
11 providing for retroactive application;
12 providing an effective date.
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14 Be It Enacted by the Legislature of the State of Florida:
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16 Section 1. For purposes of chapter 220, Florida
17 Statutes, it is the intent of the Legislature by this section
18 to adopt the Job Creation and Worker Assistance Act of 2002,
19 Pub. L. No. 107-147, and make those provisions effective for
20 purposes of chapter 220, Florida Statutes, to the extent that
21 such provisions are taken into account in the computation of
22 net income subject to tax therein.
23 Section 2. Paragraph (n) of subsection (1) and
24 paragraph (c) of subsection (2) of section 220.03, Florida
25 Statutes, are amended to read:
26 220.03 Definitions.--
27 (1) SPECIFIC TERMS.--When used in this code, and when
28 not otherwise distinctly expressed or manifestly incompatible
29 with the intent thereof, the following terms shall have the
30 following meanings:
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CODING: Words stricken are deletions; words underlined are additions.
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2002 Legislature SB 18-E
1 (n) "Internal Revenue Code" means the United States
2 Internal Revenue Code of 1986, as amended and in effect on
3 January 1, 2002 2001, except as provided in subsection (3).
4 (2) DEFINITIONAL RULES.--When used in this code and
5 neither otherwise distinctly expressed nor manifestly
6 incompatible with the intent thereof:
7 (c) Any term used in this code shall have the same
8 meaning as when used in a comparable context in the Internal
9 Revenue Code and other statutes of the United States relating
10 to federal income taxes, as such code and statutes are in
11 effect on January 1, 2002 2001. However, if subsection (3) is
12 implemented, the meaning of any term shall be taken at the
13 time the term is applied under this code.
14 Section 3. If any law that is amended by this act was
15 also amended by a law enacted at the 2002 Regular Session of
16 the Legislature, such laws shall be construed as if they had
17 been enacted at the same session of the Legislature, and full
18 effect should be given to each if that is possible.
19 Section 4. This act shall take effect upon becoming a
20 law and the amendments to section 220.03(1)(n) and (2)(c),
21 Florida Statutes, apply retroactively to January 1, 2002.
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