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.
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
- Commerce and Tourism (CM)
- Budget (BC)
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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5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration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)
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CS/SB 1506, Committee Substitute 1 (Current Bill Version) Posted 3/30/2011 at 11:55 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1199 Corporate Income Tax Metz Similar Last Action: 5/7/2011 H Died in Finance and Tax Committee, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Location: In committee/council (FTC)H 143 (er) Economic Development Workman Compare Last Action: 5/31/2011 Chapter No. 2011-76
Location: Became LawH 7203 (e1) Economic Development Finance and Tax Committee Compare Last Action: 5/7/2011 H Died in House, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Location:Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 213.053 Confidentiality and information sharing. Page 1 (pdf) 220.131 Adjusted federal income; affiliated groups. Page 3 (pdf) 220.153 Page 4 (pdf) -
SB 1506, Original Filed Version Posted 3/2/2011 at 10:00 AM
Bill Text: Web Page | PDF Analyses: Commerce and Tourism (Pre-Meeting) 3/28/2011 (pdf)
Commerce and Tourism (Post-Meeting) 3/30/2011 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1199 Corporate Income Tax Metz Identical Last Action: 5/7/2011 H Died in Finance and Tax Committee, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Location: In committee/council (FTC)Committee Amendments (4)
Amendment Sponsor Filed Last Committee Action Format 557780 - Amendment
Between lines 20 and 21 insert:Commerce and Tourism
(Ring)3/28/2011
1:34 PMReplaced by Committee Substitute
3/29/2011Web Page
PDF840934 - Amendment
Delete line 53 and insert:Commerce and Tourism
(Ring)3/28/2011
1:34 PMReplaced by Substitute Amendment
3/29/2011Web Page
PDF189118 - Substitute Amendment (840934)
Delete lines 53 - 59 and insert:Commerce and Tourism
(Ring)3/29/2011
9:44 AMReplaced by Committee Substitute
3/29/2011Web Page
PDF898440 - Amendment
Delete line 85 and insert:Commerce and Tourism
(Ring)3/28/2011
1:35 PMReplaced by Committee Substitute
3/29/2011Web Page
PDFCommittee Votes (1)
Date Committee Result 3/29/2011 1:00 PM Commerce and Tourism 5 Yeas - 0 Nays Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 220.131 Adjusted federal income; affiliated groups. Page 1 (pdf) 220.153 Page 2 (pdf)