HB 1223: Corporate Income Taxes
GENERAL BILL by Kriseman
Corporate Income Taxes; Limits deductions of certain intangible expenses, licensing fees, & management fees paid by taxpayer to related entity; creates exceptions to limitations on deductions; requires adjustment of income of related entity; limits number of times certain items may be added or subtracted from taxable income; specifies information relating to transactions with related entities which must be contained in corporate income tax return, etc.
Effective Date: upon becoming a law
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 3/4/2011 House • Filed
3/8/2011 House • Introduced -HJ 107
3/14/2011 House • Referred to Finance and Tax Committee; Rulemaking and Regulation Subcommittee; Appropriations Committee -HJ 220
5/7/2011 House • Indefinitely postponed and withdrawn from consideration
• Died in Finance and Tax Committee
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HB 1223, Original Filed Version (Current Bill Version) Posted 3/4/2011 at 10:33 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1764 Corporate Income Taxes Rich Identical Last Action: 5/7/2011 S Died in Commerce and Tourism
Location: In committee/council (CM)
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 220.13 “Adjusted federal income” defined. Page 1 (pdf)