HB 1237 (2008) -  Corporate Income Tax

General Bill by Gelber
Corporate Income Tax: Revises definition of term "adjusted federal income"; prohibits specified deductibles for water's edge group members; provides additional subtraction from adjusted federal income; defines term "water's edge group"; requires water's edge group members to use specified group income reporting method; provides methodology requirements & return filing requirements; provides domestic disclosure spreadsheet filing requirements; replaces or deletes provisions relating to consolidated returns for affiliated groups to conform to water's edge group requirements; provides transitional rules; repeals provision relating to consolidated returns for affiliated groups; provides appropriations.
Effective Date: July 1, 2008
Last Event: Unfavorable by Government Efficiency & Accountability Council on Thursday, March 20, 2008 5:00 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 2766 Subject: Corporate Income Tax/Water's Edge Group [EPCC] Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Government Efficiency & Accountability Council 3/19/2008 3:37:17 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Reported out of Government Efficiency & Accountability Council Time: 03/21/2008 - 12:11 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Laid on Table Time: 03/20/2008 - 5:00 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Unfavorable by Government Efficiency & Accountability Council Time: 03/20/2008 - 5:00 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Added to Government Efficiency & Accountability Council agenda Time: 03/18/2008 - 4:03 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Now in Government Efficiency & Accountability Council Time: 03/07/2008 - 8:24 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Referred to Policy & Budget Council Time: 03/07/2008 - 8:24 PM Member: Committee: Policy & Budget Council Version: __
Event: H Referred to Government Efficiency & Accountability Council Time: 03/07/2008 - 8:24 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H 1st Reading Time: 03/04/2008 - 10:58 PM Member: Committee: Version: __
Event: H Filed Time: 02/29/2008 - 7:57 AM Member: Gelber Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.03 HB 929, HB 5065
220.13 CS/CS/HB 293, HB 5065
220.131
220.136
220.14
220.15
220.183
220.1845 CS/HB 527
220.187 CS/CS/CS/HB 653, HB 1325, CS/HB 7045
220.19
220.191 CS/HB 7111
220.192 HB 229, HB 1165, HB 7135
220.193 HB 229, HB 1165, HB 7135
220.51
220.64
376.30781 CS/HB 527