HOUSE AMENDMENT
Bill No. HB 59A CS
   
1 CHAMBER ACTION
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Senate House
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12          Representative Ryan offered the following:
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14          Amendment (with title amendment)
15          Between lines 279 and 280, insert:
16          Section 7. (1) Notwithstanding the provisions of this
17    act, House Bill 1839, adopted during the 2003 Regular Session of
18    the Legislature, and Senate Bill 18E, adopted during the 2002
19    Special Session E of the Legislature, and any provision of s.
20    220.03, Florida Statutes, providing for giving effect under the
21    Florida Income Tax Code to amendments to the Internal Revenue
22    Code, any provision of the Internal Revenue Code of 1986, as
23    amended, which took effect after January 1, 2002, pursuant to
24    the Job Creation and Worker Assistance Act of 2002, shall not be
25    included within the meaning of the term "Internal Revenue Code,"
26    as defined in s. 220.03, Florida Statutes, for purposes of the
27    tax imposed by chapter 220, Florida Statutes, on the income of a
28    corporation and shall not be given effect under the Florida
29    Income Tax Code.
30          (2) The Department of Revenue shall adopt rules to
31    implement the provisions of this section.
32          Section 8. The sum of $124 million, available as a result
33    of nonapplication of the provisions of the Job Creation and
34    Worker Assistance Act of 2002 under the Florida Income Tax Code
35    pursuant to section 7, or the full amount made available if less
36    than $124 million, is appropriated from the General Revenue Fund
37    as follows: one-half to the Florida Education Finance Program
38    and one half to the State University System.
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40    ================= T I T L E A M E N D M E N T =================
41          Remove line(s) 28, and insert:
42          interest; specifying nonapplication of certain provisions of the
43    Internal Revenue Code under the Florida Income Tax Code for
44    certain purposes; requiring the Department of Revenue to adopt
45    certain rules; providing appropriations; specifying distribution
46    and uses of certain moneys; providing an appropriation providing
47    for