HB 1221 (2015) -  Taxation

General Bill by Rodríguez, J.
Taxation: 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

Referred Committees and Committee Actions

House Referrals

Related Bills

(No Related Bills On Record)

Bill Text

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: __

Statutes Referenced by this Bill

Statute Other Bill Citations
11.95 HB 931, SB 1242
220.03 SB 392, CS/CS/CS/HB 531, CS/CS/CS/SB 554, HB 903, SB 1556, HB 7009, SB 7014, CS/HB 7067, HB 7141
220.13 SB 128, SB 392, HB 517, HB 529, CS/CS/CS/HB 531, CS/CS/CS/SB 554, HB 903, CS/CS/SB 980, SB 1556, HB 7009, SB 7014, HB 7141
220.131
220.136
220.1363
220.14 HB 49, SB 138
220.15
220.183 SB 302, HB 311, SB 316, SB 392, CS/HB 7067, HB 7141
220.1845 HB 7141
220.1875 HB 723
220.191 SB 1128, CS/SB 1214, HB 5401, CS/HB 7067
220.192
220.193
220.51
220.64
288.1254 CS/CS/HB 451, SB 1046, CS/SB 1214
376.30781 HB 7141