SB 7014: Corporate Income Tax
GENERAL BILL by Finance and Tax
Corporate Income Tax; Adopting the 2015 version of the Internal Revenue Code; incorporating a reference to a recent federal act into state law for the purpose of defining the term “adjusted federal income”; revising the treatment by this state of certain depreciation and expensing of assets that are allowed for federal income tax purposes, etc.
Effective Date: Upon becoming a law and shall operate retroactively to January 1, 2015
Last Action: 4/1/2015 Senate - Laid on Table, companion bill(s) passed, see HB 7009 (Ch. 2015-35) -SJ 313
Bill Text: Web Page | PDF
Last Action: 4/1/2015 Senate - Laid on Table, companion bill(s) passed, see HB 7009 (Ch. 2015-35) -SJ 313
Bill Text: Web Page | PDF
Senate Committee References:
- Fiscal Policy (FP)
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Bill History
Date Chamber Action 1/26/2015 Senate • Submitted for consideration by Finance and Tax
• On Committee agenda-- Finance and Tax, 02/02/15, 4:00 pm, 401 Senate Office Building --Not Considered
2/9/2015 Senate • On Committee agenda-- Finance and Tax, 02/16/15, 4:00 pm, 401 Senate Office Building --Meeting cancelled
2/23/2015 Senate • On Committee agenda-- Finance and Tax, 03/02/15, 1:00 pm, 401 Senate Office Building --Meeting cancelled
3/11/2015 Senate • On Committee agenda-- Finance and Tax, 03/16/15, 2:00 pm, 401 Senate Office Building -- Submitted as Committee Bill; YEAS 7 NAYS 0
3/17/2015 Senate • Filed
• Referred to Fiscal Policy -SJ 198
• Introduced -SJ 198
3/23/2015 Senate • On Committee agenda-- Fiscal Policy, 03/26/15, 9:00 am, 412 Knott Building
3/26/2015 Senate • Favorable by- Fiscal Policy; YEAS 8 NAYS 0 -SJ 259
• Placed on Calendar, on 2nd reading -SJ 259
• Placed on Special Order Calendar, 04/01/15
4/1/2015 Senate • Read 2nd time -SJ 313
• Substituted HB 7009 -SJ 313
• Laid on Table, companion bill(s) passed, see HB 7009 (Ch. 2015-35) -SJ 313
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SB 7014, Original Filed Version (Current Bill Version) Posted 3/17/2015 at 8:53 AM
Bill Text: Web Page | PDF Analyses: Fiscal Policy (Pre-Meeting) 3/25/2015 (pdf)
Fiscal Policy (Post-Meeting) 3/26/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 7009 (er) Corporate Income Tax Finance and Tax Committee Similar Last Action: 5/15/2015 Chapter No. 2015-35
Location: Became LawCommittee Votes (1)
Date Committee Result 3/26/2015 9:00 AM Fiscal Policy 8 Yeas - 0 Nays Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 220.03 Definitions. Page 1 (pdf) 220.13 “Adjusted federal income” defined. Page 2 (pdf) 1009.97 General provisions. Page 5 (pdf) -
SPB 7014, Proposed Bill Posted 1/26/2015 at 1:15 PM
Bill Text: Web Page | PDF Analyses: Finance and Tax (Pre-Meeting) 3/13/2015 (pdf)
Finance and Tax (Post-Meeting) 3/17/2015 (pdf)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 848556 - Amendment
Delete lines 118 - 127 and insert:Finance and Tax
(Hukill)2/13/2015
2:35 PMFavorable
3/16/2015Web Page
PDFCommittee Votes (1)
Date Committee Result 3/16/2015 2:00 PM Finance and Tax 7 Yeas - 0 Nays