HB 1221: Taxation
GENERAL BILL by Rodriguez, J.
Taxation; Creates Joint Legislative Sales & Use Tax Review Committee; provides for membership, powers & duties, & reporting requirements of committee; provides for repeal of certain tax exemptions under certain circumstances; prohibits specified deductibles for specified water's edge group members; provides additional subtraction from adjusted federal income; defines term "water's edge group reporting method"; requires water's edge group members to use specified group income reporting method; provides methodology requirements & return filing requirements; requires domestic disclosure spreadsheet filing requirements; replaces or deletes provisions relating to consolidated returns for affiliated groups to conform to water's edge group requirements; provides for transitional rules; repeals provision relating to consolidated returns for affiliated groups; provides appropriations. APPROPRIATION: Indeterminate
Last Action: 4/28/2015 House - Died in Finance and Tax Committee
Bill Text: PDF
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Bill History
Date Chamber Action 3/2/2015 House • Filed
3/3/2015 House • Introduced -HJ 100
3/8/2015 House • Referred to Finance and Tax Committee; Rulemaking Oversight and Repeal Subcommittee; Appropriations Committee -HJ 193
4/28/2015 House • Died in Finance and Tax Committee
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HB 1221, Original Filed Version (Current Bill Version) Posted 3/2/2015 at 12:16 PM
Bill Text: PDF Analyses: None Citations - Statutes (18)
Citation Catchline Location in Bill Location In Bill Help 11.95 Page 4 (pdf) 220.03 Definitions. Page 10 (pdf) 220.13 “Adjusted federal income” defined. Page 12 (pdf) 220.131 Adjusted federal income; affiliated groups. Page 63 (pdf) 220.136 Page 24 (pdf) 220.1363 Page 26 (pdf) 220.14 Exemption. Page 30 (pdf) 220.15 Apportionment of adjusted federal income. Page 31 (pdf) 220.183 Community contribution tax credit. Page 35 (pdf) 220.1845 Contaminated site rehabilitation tax credit. Page 36 (pdf) 220.1875 Credit for contributions to eligible nonprofit scholarship-funding organizations. Page 42 (pdf) 220.191 Capital investment tax credit. Page 43 (pdf) 220.192 Renewable energy technologies investment tax credit. Page 44 (pdf) 220.193 Florida renewable energy production credit. Page 45 (pdf) 220.51 Promulgation of rules and regulations. Page 50 (pdf) 220.64 Other provisions applicable to franchise tax. Page 51 (pdf) 288.1254 Entertainment industry financial incentive program. Page 52 (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 60 (pdf)