Senate Bill sb1300

    Florida Senate - 2005                                  SB 1300

    By Senator Campbell





    32-1342-05                                          See HB 659

  1                      A bill to be entitled

  2         An act relating to limitations on claims for

  3         refund of corporate income tax; amending s.

  4         220.727, F.S.; revising provisions for

  5         determining when a payment of estimated tax is

  6         deemed paid for purposes of time limitations

  7         for refund claims; providing an effective date.

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  9  Be It Enacted by the Legislature of the State of Florida:

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11         Section 1.  Paragraph (b) of subsection (1) of section

12  220.727, Florida Statutes, is amended to read:

13         220.727  Limitations on claims for refund.--

14         (1)  Except as otherwise provided in this section:

15         (b)  For purposes of this subsection, payments of

16  estimated tax shall be deemed paid either at the time the

17  taxpayer files its return under this code or at the time such

18  return is required to be filed under this code determined

19  without regard to any extension thereof, whichever occurs

20  later first, and not at such earlier time as such payments of

21  estimated tax were actually made.

22         Section 2.  This act shall take effect July 1, 2005.

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CODING: Words stricken are deletions; words underlined are additions.