HB 7127: Corporate Income Tax
GENERAL BILL by Ways and Means Committee ; Avila
Corporate Income Tax; Adopts IRC provisions in effect on January 1, 2019; extends period during which specified automatic refunds & downward adjustments to tax rates apply; revises subtractions to be made in calculating taxable income requiring submission of certain corporate tax information to DOR; requires DOR to create secure online application form to allow taxpayers to submit such information; provides deadlines; provides audit & investigation authority; provides for penalty; provides repeal date; authorizes emergency rules; provides appropriation. APPROPRIATION: $120,000
Bill History
| Date | Chamber | Action |
|---|---|---|
| 4/17/2019 | House |
• Filed • Introduced -HJ 735 |
| 4/18/2019 | House |
• Referred to Calendar -HJ 757 |
| 4/22/2019 | House |
• Placed on Special Order Calendar, 04/25/19 |
| 4/25/2019 | House |
• Read 2nd time -HJ 917 • Read 3rd time -HJ 917 • Passed; YEAS 71 NAYS 41 -HJ 917 |
| 4/26/2019 | Senate |
• In Messages • Referred to Finance and Tax; Appropriations -SJ 580 • Received -SJ 580 |
| 5/1/2019 | Senate |
• Withdrawn from Finance and Tax; Appropriations -SJ 653 • Placed on Calendar, on 2nd reading • Substituted for CS/CS/SB 576 -SJ 653 • Read 2nd time -SJ 653 • Placed on 3rd reading |
| 5/2/2019 | Senate |
• Read 3rd time -SJ 850 • Passed; YEAS 39 NAYS 1 -SJ 850 |
| 5/2/2019 | House |
• Ordered enrolled -HJ 1157 |
| 6/26/2019 |
• Signed by Officers and presented to Governor |
|
| 6/28/2019 |
• Approved by Governor |
|
| 7/1/2019 |
• Chapter No. 2019-168 |
