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The Florida Senate

HB 103: Transfer of Tax Liability

GENERAL BILL by Wood

Transfer of Tax Liability; Revises provisions relating to tax liability when person transfers or quits business; provides transfer of assets of business or stock of goods of business is considered transfer of business; requires DOR to notify business before circuit court temporarily enjoins business activity; provides liability for certain taxes unless specified conditions are met; requires department to conduct certain audits; requires DOR to notify transferee before circuit court enjoins business activity; specifies that transferor & transferee of assets of business are jointly & severally liable up to maximum amount; specifies maximum liability of transferee; provides methods for calculating fair market value or total purchase price of specified business transfers to determine maximum tax liability of transferees; excludes transferees from tax liability when transfer consists only of specified assets; authorizes DOR to provide tax information to transferee against whom tax liability is being asserted; repeals provisions relating to tax liability & criminal liability of dealers of communications services who make certain transfers related to communications services business; repeals provisions relating to dealer's tax liability & criminal liability for sales tax when business transferred.

Effective Date: 4/6/2012
Last Action: 4/7/2012 - Chapter No. 2012-55
Bill Text: PDF

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  • Bill History

  • HB 103, Enrolled (Current Bill Version) Posted 3/7/2012 at 4:21 PM

  • HB 103, Original Filed Version Posted 8/25/2011 at 3:07 PM