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CS/CS/SB 576: Corporate Income Tax

GENERAL BILL by Appropriations ; Finance and Tax ; Perry ; (CO-INTRODUCERS) Flores

Corporate Income Tax; Adopting the Internal Revenue Code in effect on January 1, 2019; providing for refunds of certain corporate income tax receipts in a certain fiscal year; providing for the subtraction of global intangible low-taxed income from taxable income for the purpose of determining adjusted federal income; requiring taxpayers filing returns during a certain timeframe to submit specified information to the Department of Revenue by certain means, etc. APPROPRIATION: $120,000.00

Effective Date: Upon becoming a law
Last Action: 4/22/2019 Senate - Placed on Calendar, on 2nd reading
Bill Text: Web Page | PDF
Senate Committee References:
  1. Finance and Tax (FT)
  2. Appropriations (AP)



Bill History

Date Chamber Action
1/29/2019 Senate • Filed
2/8/2019 Senate • Referred to Finance and Tax; Appropriations -SJ 73
3/5/2019 Senate • Introduced -SJ 73
4/1/2019 Senate • On Committee agenda-- Finance and Tax, 04/04/19, 12:30 pm, 401 Senate Building
4/4/2019 Senate • CS by Finance and Tax; YEAS 8 NAYS 0 -SJ 331
4/5/2019 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations
4/9/2019 Senate • CS by Finance and Tax read 1st time -SJ 334
4/15/2019 Senate • On Committee agenda-- Appropriations, 04/18/19, 9:00 am, 412 Knott Building
4/18/2019 Senate • CS/CS by- Appropriations; YEAS 18 NAYS 0 -SJ 379
4/22/2019 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• CS/CS by Appropriations read 1st time -SJ 382
• Placed on Calendar, on 2nd reading