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The Florida Senate

SB 1590: Corporate Income Tax

GENERAL BILL by Rich ; (CO-INTRODUCERS) Braynon ; Ring ; Sobel ; Gibson

Corporate Income Tax; Defining the terms “tax haven” and “water’s edge group”; providing rules and criteria to determine if a corporation is a member of a water’s edge group; requiring a member of a water’s edge group having nexus with this state to file a single return for the water’s edge group; revising criteria applicable to determining whether a sale of tangible personal property occurs in this state; deleting provisions relating to the filing of consolidated returns by affiliated groups of corporations composed of banks or savings associations, their parent corporations, and certain subsidiaries of the parent corporation, etc.

Effective Date: 7/1/2012
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Budget (BC)

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  • Bill History

    Date Chamber Action
    1/6/2012 Senate • Filed
    1/17/2012 Senate • Referred to Commerce and Tourism; Budget -SJ 219
    • Introduced -SJ 220
    3/9/2012 Senate • Died in Commerce and Tourism

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  • SB 1590, Original Filed Version (Current Bill Version) Posted 1/6/2012 at 11:59 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1335 Economic Development Jenne Compare Last Action: 3/9/2012 H Died in Business and Consumer Affairs Subcommittee
    Location: In committee/council (BCAS)

    Citations - Statutes (18)

    Citation Catchline Location in Bill Location In Bill Help
    220.03 Definitions. Page 3 (pdf)
    220.13 “Adjusted federal income” defined. Page 5 (pdf)
    220.131 Adjusted federal income; affiliated groups. Page 41 (pdf)
    220.136 Page 14 (pdf)
    220.1363 Page 15 (pdf)
    220.14 Exemption. Page 19 (pdf)
    220.15 Apportionment of adjusted federal income. Page 20 (pdf)
    220.183 Community contribution tax credit. Page 23 (pdf)
    220.1845 Contaminated site rehabilitation tax credit. Page 25 (pdf)
    220.1875 Credit for contributions to eligible nonprofit scholarship-funding organizations. Page 30 (pdf)
    220.191 Capital investment tax credit. Page 31 (pdf)
    220.192 Renewable energy technologies investment tax credit. Page 32 (pdf)
    220.193 Florida renewable energy production credit. Page 33 (pdf)
    220.51 Promulgation of rules and regulations. Page 36 (pdf)
    220.64 Other provisions applicable to franchise tax. Page 37 (pdf)
    288.1254 Entertainment industry financial incentive program. Page 37 (pdf)
    376.30781 Tax credits for rehabilitation of drycleaning-solvent-contaminated sites and brownfield sites in designated brownfield areas; application process; rulemaking authority; revocation authority. Page 38 (pdf)
    627.6699 Employee Health Care Access Act. Page 39 (pdf)

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