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The Florida Senate

SB 1596: Corporate Income Tax

GENERAL BILL by Rodriguez

Corporate Income Tax; Revising the definition of the term “adjusted federal income” to prohibit specified deductions, to limit certain carryovers, and to require subtractions of certain amounts paid and received within a water’s edge group for the purpose of determining subtractions from taxable income; specifying circumstances under which a corporation is presumed to be, deemed to be, or deemed not to be a member of a water’s edge group; specifying requirements for, limitations on, and prohibitions in calculating and reporting income in a water’s edge group return, etc.

Effective Date: 7/1/2020
Last Action: 3/14/2020 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)

Bill History

Date Chamber Action
1/9/2020 Senate • Filed
1/17/2020 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 157
1/22/2020 Senate • Introduced -SJ 157
3/14/2020 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Commerce and Tourism