ENROLLED HB 1839 2003 Legislature
1	A bill to be entitled
2	An act relating to the corporate income tax; amending s.
3	220.03, F.S.; providing for the adoption of the 2003
4	version of the Internal Revenue Code; providing for
5	retroactive operation; providing an effective date.
6
7	Be It Enacted by the Legislature of the State of Florida:
8
9	Section 1. Paragraph (n) of subsection (1) and subsection
10	(2) of section 220.03, Florida Statutes, are amended to read:
11	220.03 Definitions.--
12	(1) SPECIFIC TERMS.--When used in this code, and when not
13	otherwise distinctly expressed or manifestly incompatible with
14	the intent thereof, the following terms shall have the following
15	meanings:
16	(n) "Internal Revenue Code" means the United States
17	Internal Revenue Code of 1986, as amended and in effect on
18	January 1, 20032002, except as provided in subsection (3).
19	(2) DEFINITIONAL RULES.--When used in this code and
20	neither otherwise distinctly expressed nor manifestly
21	incompatible with the intent thereof:
22	(a) The word "corporation" or "taxpayer" shall be deemed
23	to include the words "and its successors and assigns" as if
24	these words, or words of similar import, were expressed;
25	(b) Any term used in any section of this code with respect
26	to the application of, or in connection with, the provisions of
27	any other section of this code shall have the same meaning as in
28	such other section; and
29	(c) Any term used in this code shall have the same meaning
30	as when used in a comparable context in the Internal Revenue
31	Code and other statutes of the United States relating to federal
32	income taxes, as such code and statutes are in effect on January
33	1, 20032002. However, if subsection (3) is implemented, the
34	meaning of any term shall be taken at the time the term is
35	applied under this code.
36	Section 2. This act shall take effect upon becoming a law
37	and shall operate retroactively to January 1,2003.