The Florida Senate

HB 1247: Corporate Income Tax

GENERAL BILL by Randolph ; (CO-INTRODUCERS) Schwartz

Corporate Income Tax; Prohibits specified deductibles for specified water's edge group members; provides additional subtraction from adjusted federal income; defines term "water's edge group reporting method"; requires water's edge group members to use specified group income reporting method; provides methodology requirements & return filing requirements; requires domestic disclosure spreadsheet filing requirements, etc. APPROPRIATION: Indeterminate.

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• Bill History

  Date	Chamber	Action
  2/26/2009	House	• Filed
  3/3/2009	House	• Introduced -HJ 00099
  3/9/2009	House	• Referred to Criminal & Civil Justice Policy Council; Finance & Tax Council; Government Operations Appropriations (CGHC); Full Appropriations Council on General Government & Health Care -HJ 00191
  5/2/2009	House	• Indefinitely postponed and withdrawn from consideration; Died in Criminal & Civil Justice Policy Council

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• HB 1247, Original Filed Version (Current Bill Version) Posted 2/26/2009 at 6:15 PM

  Bill Text:	Web Page | PDF

  Analyses:	None

  Related Bills (1)

  Bill Number	Subject	Filed By	Relationship	Last Action and Location
  S 2270	Corporate Income Tax/Water's Edge Group [WPSC]	Gelber	Similar	Last Action: 5/2/2009 S Indefinitely postponed and withdrawn from consideration; Died in Committee on Policy & Steering Committee on Ways and Means Location:

  Citations - Statutes (15)

  Citation	Catchline	Location in Bill Location In Bill Help
  220.03	Definitions.
  220.13	"Adjusted federal income" defined.
  220.131	Adjusted federal income; affiliated groups.
  220.136
  220.1363
  220.14	Exemption.
  220.15	Apportionment of adjusted federal income.
  220.183	Community contribution tax credit.
  220.187	Credits for contributions to nonprofit scholarship-funding organizations.
  220.191	Capital investment tax credit.
  220.192	Renewable energy technologies investment tax credit.
  220.193	Florida renewable energy production credit.
  220.51	Promulgation of rules and regulations.
  220.64	Other provisions applicable to franchise tax.
  376.30781	Tax credits for rehabilitation of drycleaning-solvent-contaminated sites and brownfield sites in designated brownfield areas; application process; rulemaking authority; revocation authority.

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