CS/HB 7185: Corporate Income Tax
GENERAL BILL by Economic Affairs Committee ; Finance and Tax Committee ; Precourt ; (CO-INTRODUCERS) Abruzzo ; Bernard ; Burgin ; Campbell ; Ford ; Glorioso ; Kiar ; Patronis ; Plakon ; Young
Corporate Income Tax; Provides for adoption of 2011 version of Internal Revenue Code; specifies treatment by this state of certain depreciation & expensing of assets that are allowed for federal income tax purposes; authorizes executive director of DOR to adopt emergency rules; provides appropriation; provides for reversion & reappropriation; provides for retroactive application; increases amount of income exempt from taxation; amends amount of income exempt from franchise tax imposed on banks & savings associations. APPROPRIATION: $99,740
Last Action: 6/27/2011 - Chapter No. 2011-229
Bill Text: Web Page | PDF
• Introduced -HJ 329
• Referred to Economic Affairs Committee -HJ 366
• On Committee agenda-- Economic Affairs Committee, 04/07/11, 8:00 am, Reed Hall
• CS by- Economic Affairs Committee; YEAS 7 NAYS 3 -HJ 611
• Pending review of CS -under Rule 7.19(c)
• CS by Economic Affairs Committee read 1st time -HJ 609
• Placed on Calendar -HJ 614
• Placed on Special Order Calendar, 04/28/11
• Read 2nd time -HJ 863
• Read 3rd time -HJ 864
• CS passed; YEAS 103 NAYS 12 -HJ 864
• In Messages
• Received -SJ 618
• Referred to Budget Subcommittee on Finance and Tax; Budget -SJ 618
• Withdrawn from Budget Subcommittee on Finance and Tax; Budget -SJ 777
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/SB 1998 -SJ 777
• Read 2nd time -SJ 777
• Amendment(s) adopted (211262) -SJ 777
• Read 3rd time -SJ 778
• CS passed as amended; YEAS 39 NAYS 0 -SJ 778
• In returning messages
• Concurred in 1 amendment(s) (211262) -HJ 1174
• CS passed as amended; YEAS 110 NAYS 5 -HJ 1174
• Ordered engrossed, then enrolled -HJ 1175
• Signed by Officers and presented to Governor
• Approved by Governor
• Chapter No. 2011-229
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