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FL S0562
Bill
AI Summary
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Increases the corporate income tax exemption from $50,000 to $75,000 of net income for taxpayers computing tax liability under Florida law.
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Increases the franchise tax exemption for banks and savings associations from $50,000 to $75,000 by adjusting the franchise tax base calculation.
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Exemptions apply to tax years beginning on or after January 1, 2014.
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Takes effect January 1, 2014.
Legislative Description
Tax-exempt Income
Last Action
Died in Appropriations Subcommittee on Finance and Tax
5/3/2013
Committee Referrals
Finance and Tax Appropriations Subcommittee3/7/2013
Banking and Insurance2/6/2013
Full Bill Text
No bill text available