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Glossary of Legislative Terms

SB 7014: Corporate Income Tax

GENERAL BILL by Finance and Tax

Corporate Income Tax; Adopting the 2015 version of the Internal Revenue Code; incorporating a reference to a recent federal act into state law for the purpose of defining the term “adjusted federal income”; revising the treatment by this state of certain depreciation and expensing of assets that are allowed for federal income tax purposes, etc.

Effective Date: Upon becoming a law and shall operate retroactively to January 1, 2015
 Last Action: 4/1/2015 Senate - Laid on Table, companion bill(s) passed, see HB 7009 (Ch. 2015-35) -SJ 313
Bill Text: Web Page | PDF
Senate Committee References:
  1. Fiscal Policy (FP)


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Bill History

Date Chamber Action
1/26/2015 Senate • Submitted for consideration by Finance and Tax
• On Committee agenda-- Finance and Tax, 02/02/15, 4:00 pm, 401 Senate Office Building --Not Considered
2/9/2015 Senate • On Committee agenda-- Finance and Tax, 02/16/15, 4:00 pm, 401 Senate Office Building --Meeting cancelled
2/23/2015 Senate • On Committee agenda-- Finance and Tax, 03/02/15, 1:00 pm, 401 Senate Office Building --Meeting cancelled
3/11/2015 Senate • On Committee agenda-- Finance and Tax, 03/16/15, 2:00 pm, 401 Senate Office Building -- Submitted as Committee Bill; YEAS 7 NAYS 0
3/17/2015 Senate • Filed
• Referred to Fiscal Policy -SJ 198
• Introduced -SJ 198
3/23/2015 Senate • On Committee agenda-- Fiscal Policy, 03/26/15, 9:00 am, 412 Knott Building
3/26/2015 Senate • Favorable by- Fiscal Policy; YEAS 8 NAYS 0 -SJ 259
• Placed on Calendar, on 2nd reading -SJ 259
• Placed on Special Order Calendar, 04/01/15
4/1/2015 Senate • Read 2nd time -SJ 313
• Substituted HB 7009 -SJ 313
• Laid on Table, companion bill(s) passed, see HB 7009 (Ch. 2015-35) -SJ 313