CS/SB 1506: Corporate Income Tax
GENERAL BILL by Commerce and Tourism ; Ring
Corporate Income Tax; Allows the Office of Tourism, Trade, and Economic Development (OTTED) access to confidential taxpayer information related to the single sales apportionment factor. Provides for the apportionment of certain taxpayer's adjusted federal income solely by the sales factor provided in specified provisions. Authorizes the Department of Revenue to examine and verify that a taxpayer has correctly apportioned its taxes. Authorizes the OTTED to approve and revoke approval of an application, etc.
Effective Date: 7/1/2011
Last Action: 5/7/2011 Senate - Died in Budget, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Bill Text: Web Page | PDF
Last Action: 5/7/2011 Senate - Died in Budget, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Budget (BC)
Bill History
Date | Chamber | Action |
---|---|---|
3/2/2011 | Senate |
• Filed |
3/9/2011 | Senate |
• Referred to Commerce and Tourism; Budget -SJ 170 • Introduced -SJ 170 |
3/24/2011 | Senate |
• On Committee agenda-- Commerce and Tourism, 03/29/11, 1:00 pm, 401 Senate Office Building |
3/29/2011 | Senate |
• CS by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 308 |
3/30/2011 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Budget -SJ 308 • CS by Commerce and Tourism read 1st time -SJ 317 |
5/7/2011 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Budget, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) |