CS/HB 7185: Corporate Income Tax
GENERAL BILL by Economic Affairs Committee ; Finance and Tax Committee ; Precourt ; (CO-INTRODUCERS) Abruzzo ; Bernard ; Burgin ; Campbell ; Ford ; Glorioso ; Kiar ; Patronis ; Plakon ; Young
Corporate Income Tax; Provides for adoption of 2011 version of Internal Revenue Code; specifies treatment by this state of certain depreciation & expensing of assets that are allowed for federal income tax purposes; authorizes executive director of DOR to adopt emergency rules; provides appropriation; provides for reversion & reappropriation; provides for retroactive application; increases amount of income exempt from taxation; amends amount of income exempt from franchise tax imposed on banks & savings associations. APPROPRIATION: $99,740
Last Action: 6/27/2011 - Chapter No. 2011-229
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/28/2011 | House |
• Filed • Introduced -HJ 329 |
| 3/29/2011 | House |
• Referred to Economic Affairs Committee -HJ 366 |
| 4/5/2011 | House |
• On Committee agenda-- Economic Affairs Committee, 04/07/11, 8:00 am, Reed Hall |
| 4/7/2011 | House |
• CS by- Economic Affairs Committee; YEAS 7 NAYS 3 -HJ 611 |
| 4/11/2011 | House |
• Pending review of CS -under Rule 7.19(c) • CS by Economic Affairs Committee read 1st time -HJ 609 |
| 4/12/2011 | House |
• Placed on Calendar -HJ 614 |
| 4/26/2011 | House |
• Placed on Special Order Calendar, 04/28/11 |
| 4/28/2011 | House |
• Read 2nd time -HJ 863 • Read 3rd time -HJ 864 • CS passed; YEAS 103 NAYS 12 -HJ 864 |
| 4/28/2011 | Senate |
• In Messages |
| 4/29/2011 | Senate |
• Received -SJ 618 • Referred to Budget Subcommittee on Finance and Tax; Budget -SJ 618 |
| 5/3/2011 | Senate |
• Withdrawn from Budget Subcommittee on Finance and Tax; Budget -SJ 777 • Placed on Calendar, on 2nd reading • Substituted for CS/CS/SB 1998 -SJ 777 • Read 2nd time -SJ 777 • Amendment(s) adopted (211262) -SJ 777 • Read 3rd time -SJ 778 • CS passed as amended; YEAS 39 NAYS 0 -SJ 778 |
| 5/3/2011 | House |
• In returning messages |
| 5/5/2011 | House |
• Concurred in 1 amendment(s) (211262) -HJ 1174 • CS passed as amended; YEAS 110 NAYS 5 -HJ 1174 • Ordered engrossed, then enrolled -HJ 1175 |
| 6/9/2011 |
• Signed by Officers and presented to Governor |
|
| 6/24/2011 |
• Approved by Governor |
|
| 6/27/2011 |
• Chapter No. 2011-229 |
