General Bill
Corporate Income Tax:
Establishes credits against corporate income tax for certain taxpayers that create or provide investments for spaceflight project; provides definitions for purposes of tax credits; establishes eligibility requirements for tax credits; allows for carryforward of tax credits under certain circumstances; provides application & certification requirements; requires OTTED to determine eligibility of taxpayers; provides for expiration & renewal of taxpayer's eligibility for tax credits; provides for administration & auditing of tax credits by DOR; requires return & deposit of tax credits under certain circumstances; requires OTTED to consult with Space Florida & adopt rules for tax credit applications & certifications; authorizes DOR to adopt rules for tax administration, claims & transfers of tax credits, auditing, & reporting; revises OTTED's duties to include administration of tax credits created by act; revises legislative intent of order for applying tax credits.
Effective Date:
July 1, 2009
Last Event:
Died in Economic Development Policy Committee on Saturday, May 2, 2009 12:00 AM
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Subject
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Relationship
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Bill #:
CS/SB 1526
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Subject:
Commercial Launch Zone Tax Incentives [WPSC]
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Relationship:
Compare
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