General Bill
Economic Development:
Creates "Fair Economy Act"; requires members of unitary business (or water's edge group) to file combined corporate income tax return & allocate income to Florida using single apportionment computation; disregards intercompany transactions between affiliated entities; adopts throw-out rule for sales & income attributable to Florida by members whose activities are excluded from apportionment; requires water's edge group to file domestic disclosure spreadsheet disclosing income reported to each state, state tax liability, & method used to apportion or allocate income to each state; provides transition rules; requires DEO, with DOR, to submit annual report of economic development incentives & state expenditures for economic development activities; provides for withholding of certain funds from property-taxing authorities that do not submit reports; requires granting authorities to use unified application for award of incentives, submit approved applications to DEO, & submit progress reports to DEO on incentives; requires recipient corporations & their corporate parents to provide access to project sites & certain records; authorizes fines against recipient corporations that do not grant access or submit reports; provides for recapture & repayment of incentives from recipient corporations that do not meet certain job, wage, & employee benefit requirements or whose corporate parents do not maintain certain levels of employment in state.
Effective Date:
July 1, 2012
Last Event:
Died in Business & Consumer Affairs Subcommittee on Friday, March 9, 2012 11:59 PM
Bill #
|
Subject
|
Relationship
|
Bill #:
HB 1347
|
Subject:
Corporate Transparency in the State Budget
|
Relationship:
Compare
|
Bill #:
SB 1590
|
Subject:
Corporate Income Tax
|
Relationship:
Compare
|
Bill #:
SB 1592
|
Subject:
Economic Development Subsidies
|
Relationship:
Compare
|
Bill #:
SB 1870
|
Subject:
Corporate Transparency in the State Budget
|
Relationship:
Compare
|
Statute
|
Other Bill Citations
|
220.03
|
SB 76,
SB 588,
HB 767,
HB 1345,
HB 1413,
CS/CS/SB 1416,
SB 1590,
CS/SB 2068,
CS/HB 7027*,
HB 7089
|
220.13
|
SB 76,
HB 105,
SB 160,
SB 236,
SB 588,
HB 767,
HB 1057,
SB 1288,
HB 1345,
HB 1413,
SB 1590
|
220.131
|
SB 1590
|
220.136
|
SB 1590
|
220.1363
|
SB 1590
|
220.14
|
CS/CS/CS/SB 1108,
SB 1590,
HB 7087*
|
220.15
|
SB 1590
|
220.183
|
CS/SB 1204,
SB 1590,
CS/HB 7041*
|
220.1845
|
SB 1590,
SB 1634,
HB 4131
|
220.1875
|
SB 1590
|
220.191
|
HB 507,
SB 684,
CS/CS/SB 1416,
SB 1590,
CS/HB 7027*
|
220.192
|
SB 1590,
CS/CS/CS/SB 2094,
CS/CS/HB 7117*
|
220.193
|
SB 1590,
CS/CS/CS/SB 2094,
CS/CS/HB 7117*
|
220.51
|
SB 1590
|
220.64
|
SB 1590
|
288.1254
|
CS/SB 1204,
SB 1590,
SB 2122,
CS/HB 7041*,
HB 7087*
|
376.30781
|
SB 1590,
SB 1634,
HB 4131
|
627.6699
|
HB 1151,
SB 1220,
SB 1374,
SB 1590,
CS/CS/SB 1620,
HB 4139*,
HB 7091
|
(*) Not the latest version