Florida Senate - 2014         (PROPOSED COMMITTEE BILL) SPB 7086
       
       
        
       FOR CONSIDERATION By the Committee on Appropriations
       
       
       
       
       
       576-01918-14                                          20147086__
    1                        A bill to be entitled                      
    2         An act relating to the Internal Revenue Code; amending
    3         s. 220.03, F.S.; adopting the 2014 version of the
    4         code; providing an effective date.
    5          
    6  Be It Enacted by the Legislature of the State of Florida:
    7  
    8         Section 1. Paragraph (n) of subsection (1) and paragraph
    9  (c) of subsection (2) of section 220.03, Florida Statutes, are
   10  amended to read:
   11         220.03 Definitions.—
   12         (1) SPECIFIC TERMS.—When used in this code, and when not
   13  otherwise distinctly expressed or manifestly incompatible with
   14  the intent thereof, the following terms shall have the following
   15  meanings:
   16         (n) “Internal Revenue Code” means the United States
   17  Internal Revenue Code of 1986, as amended and in effect on
   18  January 1, 2014 2013, except as provided in subsection (3).
   19         (2) DEFINITIONAL RULES.—When used in this code and neither
   20  otherwise distinctly expressed nor manifestly incompatible with
   21  the intent thereof:
   22         (c) Any term used in this code has the same meaning as when
   23  used in a comparable context in the Internal Revenue Code and
   24  other statutes of the United States relating to federal income
   25  taxes, as such code and statutes are in effect on January 1,
   26  2014 2013. However, if subsection (3) is implemented, the
   27  meaning of a term shall be taken at the time the term is applied
   28  under this code.
   29         Section 2. This act shall take effect upon becoming a law
   30  and operate retroactively to January 1, 2014.