HB 999: Corporate Income Tax
GENERAL BILL by Hawkins
Corporate Income Tax; Revises term "adjusted federal income" to prohibit specified deductions, to limit certain carryovers & to require subtractions of certain dividends received within water's edge group; specifies circumstances under which corporation is presumed to be member of water's edge group; specifies requirements for & prohibitions related to water's edge groups; specifies requirements for corporate tax return filings; requires recaptured funds be appropriated for certain purpose.
Effective Date: 7/1/2021
Last Action: 4/30/2021 House - Died in Ways & Means Committee
Bill Text: PDF
Last Action: 4/30/2021 House - Died in Ways & Means Committee
Bill Text: PDF
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Bill History
Date Chamber Action 2/15/2021 House • Filed
2/25/2021 House • Referred to Ways & Means Committee
• Referred to Appropriations Committee
• Now in Ways & Means Committee
3/2/2021 House • 1st Reading (Original Filed Version)
4/30/2021 House • Died in Ways & Means Committee
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HB 999, Original Filed Version (Current Bill Version) Posted 2/15/2021 at 3:18 PM
Bill Text: PDF Analyses: None Citations - Statutes (17)
Citation Catchline Location in Bill Location In Bill Help 220.03 Definitions. Page 3 (pdf) 220.13 “Adjusted federal income” defined. Page 5 (pdf) 220.131 Adjusted federal income; affiliated groups. Page 19 (pdf) 220.136 Page 19 (pdf) 220.1363 Page 20 (pdf) 220.14 Exemption. Page 25 (pdf) 220.15 Apportionment of adjusted federal income. Page 26 (pdf) 220.183 Community contribution tax credit. Page 28 (pdf) 220.1845 Contaminated site rehabilitation tax credit. Page 28 (pdf) 220.1875 Credit for contributions to eligible nonprofit scholarship-funding organizations. Page 29 (pdf) 220.191 Capital investment tax credit. Page 30 (pdf) 220.192 Page 31 (pdf) 220.193 Florida renewable energy production credit. Page 32 (pdf) 220.51 Promulgation of rules and regulations. Page 34 (pdf) 220.64 Other provisions applicable to franchise tax. Page 35 (pdf) 288.1254 Entertainment industry financial incentive program. Page 35 (pdf) 376.30781 Tax credits for rehabilitation of drycleaning-solvent-contaminated sites and brownfield sites in designated brownfield areas; application process; rulemaking authority; revocation authority. Page 36 (pdf)