| 1 | A bill to be entitled |
| 2 | An act relating to limitations on claims for refund of |
| 3 | corporate income tax; amending s. 220.727, F.S.; revising |
| 4 | provisions for determining when a payment of estimated tax |
| 5 | is deemed paid for purposes of time limitations for refund |
| 6 | claims; providing an effective date. |
| 7 |
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| 8 | Be It Enacted by the Legislature of the State of Florida: |
| 9 |
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| 10 | Section 1. Paragraph (b) of subsection (1) of section |
| 11 | 220.727, Florida Statutes, is amended to read: |
| 12 | 220.727 Limitations on claims for refund.-- |
| 13 | (1) Except as otherwise provided in this section: |
| 14 | (b) For purposes of this subsection, payments of estimated |
| 15 | tax shall be deemed paid either at the time the taxpayer files |
| 16 | its return under this code or at the time such return is |
| 17 | required to be filed under this code determined without regard |
| 18 | to any extension thereof, whichever occurs later first, and not |
| 19 | at such earlier time as such payments of estimated tax were |
| 20 | actually made. |
| 21 | Section 2. This act shall take effect July 1, 2005. |