House Bill 7185 (2011) - The Florida Senate

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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

Effective Date: except as otherwise provided
Last Action: 6/27/2011 - Chapter No. 2011-229
Bill Text: Web Page | PDF

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Bill History

Date	Chamber	Action
3/28/2011	House	• Filed • Introduced -HJ 329
3/29/2011	House	• Referred to Economic Affairs Committee -HJ 366
4/5/2011	House	• On Committee agenda-- Economic Affairs Committee, 04/07/11, 8:00 am, Reed Hall
4/7/2011	House	• CS by- Economic Affairs Committee; YEAS 7 NAYS 3 -HJ 611
4/11/2011	House	• Pending review of CS -under Rule 7.19(c) • CS by Economic Affairs Committee read 1st time -HJ 609
4/12/2011	House	• Placed on Calendar -HJ 614
4/26/2011	House	• Placed on Special Order Calendar, 04/28/11
4/28/2011	House	• Read 2nd time -HJ 863 • Read 3rd time -HJ 864 • CS passed; YEAS 103 NAYS 12 -HJ 864
4/28/2011	Senate	• In Messages
4/29/2011	Senate	• Received -SJ 618 • Referred to Budget Subcommittee on Finance and Tax; Budget -SJ 618
5/3/2011	Senate	• Withdrawn from Budget Subcommittee on Finance and Tax; Budget -SJ 777 • Placed on Calendar, on 2nd reading • Substituted for CS/CS/SB 1998 -SJ 777 • Read 2nd time -SJ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
5/3/2011	House	• In returning messages
5/5/2011	House	• Concurred in 1 amendment(s) (211262) -HJ 1174 • CS passed as amended; YEAS 110 NAYS 5 -HJ 1174 • Ordered engrossed, then enrolled -HJ 1175
6/9/2011		• Signed by Officers and presented to Governor
6/24/2011		• Approved by Governor
6/27/2011		• Chapter No. 2011-229

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CS/HB 7185, Enrolled (Current Bill Version) Posted 5/6/2011 at 4:59 PM

Bill Text:	Web Page \| PDF

Analyses:	Finance and Tax Committee (Post-Meeting) 7/6/2011 (pdf)

Related Bills (1)

Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
S 1998 (c2)	Corporate Income Tax	Budget Subcommittee on Finance and Tax	Similar	Last Action: 5/3/2011 S Laid on Table, companion bill(s) passed, see CS/HB 7185 (Ch. 2011-229) -SJ 777 Location: Laid on Table

Citations - Statutes (4)

Citation	Catchline	Location in Bill Location In Bill Help
220.03	Definitions.	Page 1 (pdf)
220.13	“Adjusted federal income” defined.	Page 2 (pdf)
220.14	Exemption.	Page 5 (pdf)
220.63	Franchise tax imposed on banks and savings associations.	Page 6 (pdf)

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CS/HB 7185, Engrossed 1 Posted 5/5/2011 at 2:09 PM

Bill Text:	Web Page \| PDF

Analyses:	None

Related Bills (1)

Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
S 1998 (c2)	Corporate Income Tax	Budget Subcommittee on Finance and Tax	Similar	Last Action: 5/3/2011 S Laid on Table, companion bill(s) passed, see CS/HB 7185 (Ch. 2011-229) -SJ 777 Location: Laid on Table

Citations - Statutes (4)

Citation	Catchline	Location in Bill Location In Bill Help
220.03	Definitions.	Page 1 (pdf)
220.13	“Adjusted federal income” defined.	Page 2 (pdf)
220.14	Exemption.	Page 5 (pdf)
220.63	Franchise tax imposed on banks and savings associations.	Page 6 (pdf)

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CS/HB 7185, Committee Substitute 1 Posted 4/11/2011 at 2:17 PM

Bill Text:	Web Page \| PDF

Analyses:	None

Related Bills (1)

Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
S 1998 (c2)	Corporate Income Tax	Budget Subcommittee on Finance and Tax	Identical	Last Action: 5/3/2011 S Laid on Table, companion bill(s) passed, see CS/HB 7185 (Ch. 2011-229) -SJ 777 Location: Laid on Table

Floor Amendments (2)

Amendment	Sponsor	Filed	Last Floor Action	Format
211262 - Amendment Delete lines 124 - 125 and insert:	Bogdanoff	5/3/2011 7:56 AM	House: Concur 5/5/2011	Web Page PDF
357649 - Amendment Between lines 123 and 124, insert:	Workman	4/27/2011 1:31 PM	House: Withdrawn 4/28/2011	Web Page PDF

Floor Votes (4)

Date	Chamber	Result
4/28/2011 2:40 PM	House	103 Yeas - 12 Nays
5/3/2011 6:17 PM	Senate	39 Yeas - 0 Nays
5/5/2011 12:35 PM	House	109 Yeas - 7 Nays
5/5/2011 12:36 PM	House	110 Yeas - 5 Nays

Citations - Statutes (2)

Citation	Catchline	Location in Bill Location In Bill Help
220.03	Definitions.	Page 1 (pdf)
220.13	“Adjusted federal income” defined.	Page 2 (pdf)

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HB 7185, Original Filed Version Posted 3/28/2011 at 8:02 AM

Bill Text:	Web Page \| PDF

Analyses:	Economic Affairs Committee (Post-Meeting) 4/11/2011 (pdf)

Related Bills (1)

Bill Number	Subject	Filed By	Relationship	Last Action and Location	Track Bills
S 1998 (c1)	Corporate Income Tax	Budget Subcommittee on Finance and Tax	Identical	Last Action: 5/3/2011 S Laid on Table, companion bill(s) passed, see CS/HB 7185 (Ch. 2011-229) -SJ 777 Location: Laid on Table

Citations - Statutes (2)

Citation	Catchline	Location in Bill Location In Bill Help
220.03	Definitions.	Page 1 (pdf)
220.13	“Adjusted federal income” defined.	Page 2 (pdf)

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