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HB 1221 (2015) -  Taxation

by Rodríguez, J.
Creates Joint Legislative Sales & Use Tax Review Committee; provides for membership, powers & duties, & reporting requirements of committee; provides for repeal of certain tax exemptions under certain circumstances; 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, 2015
Last Event: Died in Finance & Tax Committee on Tuesday, April 28, 2015 1:15 PM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Finance & Tax Committee Time: 04/28/2015 - 1:15 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Now in Finance & Tax Committee Time: 03/08/2015 - 7:32 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Appropriations Committee Time: 03/08/2015 - 7:32 PM Member: Committee: Appropriations Committee Version: __
Event: H Referred to Rulemaking Oversight & Repeal Subcommittee Time: 03/08/2015 - 7:32 PM Member: Committee: Rulemaking Oversight & Repeal Subcommittee Version: __
Event: H Referred to Finance & Tax Committee Time: 03/08/2015 - 7:32 PM Member: Committee: Finance & Tax Committee Version: __
Event: H 1st Reading Time: 03/03/2015 - 10:37 PM Member: Committee: Version: __
Event: H Filed Time: 03/02/2015 - 12:16 PM Member: Rodríguez, J. Committee: Version: __