HB 999: Corporate Income Tax
GENERAL BILL by Hawkins
Corporate Income Tax; Revises term "adjusted federal income" to prohibit specified deductions, to limit certain carryovers & to require subtractions of certain dividends received within water's edge group; specifies circumstances under which corporation is presumed to be member of water's edge group; specifies requirements for & prohibitions related to water's edge groups; specifies requirements for corporate tax return filings; requires recaptured funds be appropriated for certain purpose.
Effective Date: 7/1/2021
Last Action: 4/30/2021 House - Died in Ways & Means Committee
Bill Text: PDF
Last Action: 4/30/2021 House - Died in Ways & Means Committee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/15/2021 | House |
• Filed |
| 2/25/2021 | House |
• Referred to Ways & Means Committee • Referred to Appropriations Committee • Now in Ways & Means Committee |
| 3/2/2021 | House |
• 1st Reading (Original Filed Version) |
| 4/30/2021 | House |
• Died in Ways & Means Committee |