HB 7127: Corporate Income Tax
GENERAL BILL by Ways and Means Committee ; Avila
Corporate Income Tax; Adopts IRC provisions in effect on January 1, 2019; extends period during which specified automatic refunds & downward adjustments to tax rates apply; revises subtractions to be made in calculating taxable income requiring submission of certain corporate tax information to DOR; requires DOR to create secure online application form to allow taxpayers to submit such information; provides deadlines; provides audit & investigation authority; provides for penalty; provides repeal date; authorizes emergency rules; provides appropriation. APPROPRIATION: $120,000
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Bill History
Date Chamber Action 4/17/2019 House • Filed
• Introduced -HJ 735
4/18/2019 House • Referred to Calendar -HJ 757
4/22/2019 House • Placed on Special Order Calendar, 04/25/19
4/25/2019 House • Read 2nd time -HJ 917
• Read 3rd time -HJ 917
• Passed; YEAS 71 NAYS 41 -HJ 917
4/26/2019 Senate • In Messages
• Referred to Finance and Tax; Appropriations -SJ 580
• Received -SJ 580
5/1/2019 Senate • Withdrawn from Finance and Tax; Appropriations -SJ 653
• Placed on Calendar, on 2nd reading
• Substituted for CS/CS/SB 576 -SJ 653
• Read 2nd time -SJ 653
• Placed on 3rd reading
5/2/2019 Senate • Read 3rd time -SJ 850
• Passed; YEAS 39 NAYS 1 -SJ 850
5/2/2019 House • Ordered enrolled -HJ 1157
6/26/2019 • Signed by Officers and presented to Governor
6/28/2019 • Approved by Governor
7/1/2019 • Chapter No. 2019-168
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HB 7127, Enrolled (Current Bill Version) Posted 5/2/2019 at 5:06 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 576 (c2) Corporate Income Tax Perry Similar Last Action: 5/1/2019 S Laid on Table, companion bill(s) passed, see HB 7127 (Ch. 2019-168) -SJ 653 
Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 220.03 Definitions. Page 2 (pdf) 220.1105 Tax imposed; automatic refunds and downward adjustments to tax rates. Page 2 (pdf) 220.13 “Adjusted federal income” defined. Page 6 (pdf) 220.27 Page 9 (pdf) -
HB 7127, Original Filed Version Posted 4/17/2019 at 2:56 PM
Bill Text: PDF Analyses: Ways and Means Committee (Post-Meeting) 7/10/2019 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 576 (c2) Corporate Income Tax Perry Similar Last Action: 5/1/2019 S Laid on Table, companion bill(s) passed, see HB 7127 (Ch. 2019-168) -SJ 653
Floor Votes (2)
Date Chamber Result 4/25/2019 11:44 PM House 71 Yeas - 41 Nays 5/2/2019 4:18 PM Senate 39 Yeas - 1 Nays Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 220.03 Definitions. Page 2 (pdf) 220.1105 Tax imposed; automatic refunds and downward adjustments to tax rates. Page 2 (pdf) 220.13 “Adjusted federal income” defined. Page 6 (pdf) 220.27 Page 9 (pdf)