HB 1221: Taxation
GENERAL BILL by Rodriguez, J.
Taxation; Creates Joint Legislative Sales & Use Tax Review Committee; provides for membership, powers & duties, & reporting requirements of committee; provides for repeal of certain tax exemptions under certain circumstances; prohibits specified deductibles for specified water's edge group members; provides additional subtraction from adjusted federal income; defines term "water's edge group reporting method"; requires water's edge group members to use specified group income reporting method; provides methodology requirements & return filing requirements; requires domestic disclosure spreadsheet filing requirements; replaces or deletes provisions relating to consolidated returns for affiliated groups to conform to water's edge group requirements; provides for transitional rules; repeals provision relating to consolidated returns for affiliated groups; provides appropriations. APPROPRIATION: Indeterminate
Last Action: 4/28/2015 House - Died in Finance and Tax Committee
Bill Text: PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/2/2015 | House |
• Filed |
| 3/3/2015 | House |
• Introduced -HJ 100 |
| 3/8/2015 | House |
• Referred to Finance and Tax Committee; Rulemaking Oversight and Repeal Subcommittee; Appropriations Committee -HJ 193 |
| 4/28/2015 | House |
• Died in Finance and Tax Committee |