SB 1222: Corporate Income Tax/Reduction & Future Repeal
GENERAL BILL by Norman
Corporate Income Tax/Reduction & Future Repeal; Provides for incremental reductions of the corporate income tax effective on specified dates. Provides for future repeal of part I of chapter 220, F.S., relating to the chapter title, legislative intent, and definitions, and part II of chapter 220, F.S., relating to the imposition and apportionment of the corporate income tax. Provides legislative findings, intent, and application, etc.
Effective Date: July 1, 2011, except as otherwise provided
Last Action: 5/7/2011 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Last Action: 5/7/2011 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Budget (BC)
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Bill History
Date Chamber Action 2/18/2011 Senate • Filed
3/7/2011 Senate • Referred to Commerce and Tourism; Budget -SJ 91
3/8/2011 Senate • Introduced -SJ 91
5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Commerce and Tourism
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SB 1222, Original Filed Version (Current Bill Version) Posted 2/18/2011 at 9:39 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 503 Reduction & Future Repeal/Corporate Income Tax Harrison Identical Last Action: 5/7/2011 H Died in Finance and Tax Committee
Location: In committee/council (FTC)
S 1236 State Revenues Richter Compare Last Action: 5/7/2011 S Died in Commerce and Tourism
Location: In committee/council (CM)
Citations - Statutes (84)
Citation Catchline Location in Bill Location In Bill Help 220.02 Legislative intent. Page 4 (pdf) 220.03 Definitions. Page 4 (pdf) 220.11 Tax imposed. Page 2 (pdf) 220.11 Tax imposed. Page 4 (pdf) 220.12 “Net income” defined. Page 4 (pdf) 220.13 “Adjusted federal income” defined. Page 4 (pdf) 220.131 Adjusted federal income; affiliated groups. Page 4 (pdf) 220.14 Exemption. Page 4 (pdf) 220.15 Apportionment of adjusted federal income. Page 4 (pdf) 220.1501 Rulemaking authority to implement s. 220.15(2)(c), (4)(c), and (8). Page 4 (pdf) 220.151 Apportionment; methods for special industries. Page 4 (pdf) 220.152 Apportionment; other methods. Page 4 (pdf) 220.16 Allocation of nonbusiness income. Page 4 (pdf) 220.181 Enterprise zone jobs credit. Page 4 (pdf) 220.182 Enterprise zone property tax credit. Page 4 (pdf) 220.183 Community contribution tax credit. Page 4 (pdf) 220.184 Hazardous waste facility tax credit. Page 4 (pdf) 220.1845 Contaminated site rehabilitation tax credit. Page 4 (pdf) 220.185 State housing tax credit. Page 4 (pdf) 220.186 Credit for Florida alternative minimum tax. Page 4 (pdf) 220.1875 Credit for contributions to eligible nonprofit scholarship-funding organizations. Page 4 (pdf) 220.1895 Rural Job Tax Credit and Urban High-Crime Area Job Tax Credit. Page 4 (pdf) 220.1896 Jobs for the Unemployed Tax Credit Program. Page 4 (pdf) 220.1899 Entertainment industry tax credit. Page 4 (pdf) 220.19 Child care tax credits. Page 4 (pdf) 220.191 Capital investment tax credit. Page 4 (pdf) 220.192 Renewable energy technologies investment tax credit. Page 4 (pdf) 220.193 Florida renewable energy production credit. Page 4 (pdf) 220.21 Returns and records; regulations. Page 5 (pdf) 220.211 Penalties; incomplete return. Page 5 (pdf) 220.22 Returns; filing requirement. Page 5 (pdf) 220.221 Returns; signing and verification. Page 5 (pdf) 220.222 Returns; time and place for filing. Page 5 (pdf) 220.23 Federal returns. Page 5 (pdf) 220.24 Declaration of estimated tax. Page 5 (pdf) 220.241 Declaration; time for filing. Page 5 (pdf) 220.242 Declaration as return. Page 5 (pdf) 220.31 Payments; due date. Page 5 (pdf) 220.32 Payments of tentative tax. Page 5 (pdf) 220.33 Payments of estimated tax. Page 5 (pdf) 220.34 Special rules relating to estimated tax. Page 5 (pdf) 220.41 Taxable year. Page 5 (pdf) 220.42 Methods of accounting. Page 5 (pdf) 220.43 Reference to federal determinations. Page 5 (pdf) 220.44 Adjustments. Page 5 (pdf) 220.51 Promulgation of rules and regulations. Page 5 (pdf) 220.52 Arrangement and captions. Page 5 (pdf) 220.54 Administration of law. Page 5 (pdf) 220.64 Other provisions applicable to franchise tax. Page 5 (pdf), Page 6 (pdf) 220.701 Collection authority. Page 5 (pdf) 220.703 Assessment. Page 5 (pdf) 220.705 Limitation on assessment. Page 5 (pdf) 220.707 Notice and demand. Page 5 (pdf) 220.709 Deficiency determinations. Page 5 (pdf) 220.711 Notice of deficiency. Page 5 (pdf) 220.713 Assessment after notice. Page 5 (pdf) 220.715 Waiver of restrictions on assessment. Page 5 (pdf) 220.717 Protest of proposed assessment. Page 5 (pdf) 220.719 Jeopardy assessments. Page 5 (pdf) 220.721 Overpayments; credits. Page 5 (pdf) 220.723 Overpayments; interest. Page 5 (pdf) 220.725 Overpayments; refunds. Page 5 (pdf) 220.727 Limitations on claims for refund. Page 5 (pdf) 220.731 Investigations. Page 5 (pdf) 220.733 Actions to recover taxes. Page 5 (pdf) 220.735 Production of witnesses and records. Page 5 (pdf) 220.737 Amounts less than $1. Page 5 (pdf) 220.739 Procedure for notices. Page 5 (pdf) 220.801 Penalties; failure to timely file returns. Page 5 (pdf) 220.803 Penalties; failure to pay tax. Page 5 (pdf) 220.805 Assessment of penalties. Page 5 (pdf) 220.807 Determination of rate of interest. Page 5 (pdf) 220.809 Interest on deficiencies. Page 5 (pdf) 220.813 Liens; attachment and notice. Page 5 (pdf) 220.815 Liens; priority and filing. Page 5 (pdf) 220.819 Liens; release. Page 5 (pdf) 220.821 Liens; certificates of release. Page 5 (pdf) 220.823 Liens; costs. Page 5 (pdf) 220.825 Liens; foreclosure. Page 5 (pdf) 220.827 Collection procedures. Page 5 (pdf) 220.829 Liability of transferees. Page 5 (pdf) 220.901 Willful and fraudulent acts. Page 5 (pdf) 220.903 Willful failure to pay over. Page 5 (pdf) 220.905 Aiding and abetting. Page 5 (pdf)