HB 503: Reduction & Future Repeal/Corporate Income Tax
GENERAL BILL by Harrison ; (CO-INTRODUCERS) Baxley ; Brandes ; Gaetz ; Schenck ; Snyder
Reduction & Future Repeal/Corporate Income Tax; Provides for incremental reduction of corporate income tax & for its future repeal; provides legislative findings & intent & provides for application; provides for future application to franchise tax of specified parts & sections of ch. 220 as those parts & sections existed before their repeal; provides direction to Division of Statutory Revision to assist legislative committee staff in preparation of conforming legislation for submission to specified future regular sessions.
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/25/2011 | House |
• Filed |
| 2/7/2011 | House |
• Referred to Finance and Tax Committee; Economic Affairs Committee; Appropriations Committee -HJ 48 |
| 3/8/2011 | House |
• Introduced -HJ 48 |
| 5/7/2011 | House |
• Indefinitely postponed and withdrawn from consideration • Died in Finance and Tax Committee |
Related Bills
| Bill Number | Subject | Filed By | Relationship | Last Action and Location | Track Bills |
|---|---|---|---|---|---|
| S 1222 | Corporate Income Tax/Reduction & Future Repeal | Norman | Identical |
Last Action: 5/7/2011 S Died in Commerce and Tourism
Location: In committee/council (CM) |
|
| S 1236 | State Revenues | Richter | Compare |
Last Action: 5/7/2011 S Died in Commerce and Tourism
Location: In committee/council (CM) |
|
Committee Amendments
Floor Amendments
Bill Analyses
No Bill Analyses AvailableVote History - Committee
No Committee Vote History AvailableVote History - Floor
No Vote History AvailableCitations - 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 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) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
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