HB 1247 (2009) -  Corporate Income Tax

General Bill by Randolph (CO-SPONSORS) Schwartz
Corporate Income Tax: Prohibits specified deductibles for specified water's edge group members; provides additional subtraction from adjusted federal income; defines term "water's edge group reporting method"; requires water's edge group members to use specified group income reporting method; provides methodology requirements & return filing requirements; requires 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 for transitional rules; repeals provision relating to consolidated returns for affiliated groups; provides appropriations.
Effective Date: July 1, 2009
Last Event: Died in Criminal & Civil Justice Policy Council on Saturday, May 2, 2009 12:00 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 2270 Subject: Corporate Income Tax/Water's Edge Group [WPSC] Relationship: Similar

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Criminal & Civil Justice Policy Council Time: 05/02/2009 - 12:00 AM Member: Committee: Criminal & Civil Justice Policy Council Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/02/2009 - 12:00 AM Member: Committee: Version: __
Event: H Now in Criminal & Civil Justice Policy Council Time: 03/09/2009 - 9:47 PM Member: Committee: Criminal & Civil Justice Policy Council Version: __
Event: H Referred to Full Appropriations Council on General Government & Health Care Time: 03/09/2009 - 9:47 PM Member: Committee: Full Appropriations Council on General Government & Health Care Version: __
Event: H Referred to Government Operations Appropriations Committee Time: 03/09/2009 - 9:47 PM Member: Committee: Government Operations Appropriations Committee Version: __
Event: H Referred to Finance & Tax Council Time: 03/09/2009 - 9:47 PM Member: Committee: Finance & Tax Council Version: __
Event: H Referred to Criminal & Civil Justice Policy Council Time: 03/09/2009 - 9:47 PM Member: Committee: Criminal & Civil Justice Policy Council Version: __
Event: H 1st Reading Time: 03/03/2009 - 10:03 PM Member: Committee: Version: __
Event: H Filed Time: 02/26/2009 - 5:18 PM Member: Randolph Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.03 HB 459, HB 5127
220.13 HB 43, HB 459, CS/CS/HB 485, HB 925, HB 1115, HB 1197, HB 5127
220.131
220.136
220.1363
220.14
220.15 CS/CS/HB 7031
220.183 HB 7049
220.1845
220.187 CS/CS/HB 453, HB 1325, HB 7117
220.191 CS/CS/HB 7031
220.192 HB 7133, HB 7155
220.193
220.51
220.64
376.30781