HB 1199: Corporate Income Tax
GENERAL BILL by Metz
Corporate Income Tax; Provides for apportionment of certain taxpayer's adjusted federal income solely by sales factor; provides for eligibility based on taxpayer's capital expenditures & number of full-time employees; provides application process; authorizes DOR to examine & verify that taxpayer has correctly apportioned its taxes; conforms provisions to changes made by act; authorizes OTTED to approve & revoke approval of application; provides for recapture of unpaid taxes, interest, & penalties; authorizes office & department to adopt rules.
Effective Date: 7/1/2011
Last Action: 5/7/2011 House - Died in Finance and Tax Committee, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Bill Text: Web Page | PDF
Last Action: 5/7/2011 House - Died in Finance and Tax Committee, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/4/2011 | House |
• Filed |
| 3/8/2011 | House |
• Introduced -HJ 105 |
| 3/14/2011 | House |
• Referred to Finance and Tax Committee; Rulemaking and Regulation Subcommittee; Economic Affairs Committee -HJ 220 |
| 5/7/2011 | House |
• Indefinitely postponed and withdrawn from consideration • Died in Finance and Tax Committee, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) |
