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.
Effective Date: 7/1/2011
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
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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5/7/2011 House • Indefinitely postponed and withdrawn from consideration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
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HB 503, Original Filed Version (Current Bill Version) Posted 1/25/2011 at 12:00 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (2)
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)
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 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)