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
• Introduced -HJ 735
• Referred to Calendar -HJ 757
• Placed on Special Order Calendar, 04/25/19
• Read 2nd time -HJ 917
• Read 3rd time -HJ 917
• Passed; YEAS 71 NAYS 41 -HJ 917
• In Messages
• Referred to Finance and Tax; Appropriations -SJ 580
• Received -SJ 580
• Withdrawn from Finance and Tax; Appropriations -SJ 653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
• Read 3rd time -SJ 850
• Passed; YEAS 39 NAYS 1 -SJ 850
• Ordered enrolled -HJ 1157
• Signed by Officers and presented to Governor
• Approved by Governor
• Chapter No. 2019-168
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