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FL H0049

Bill

Official Source

Status

Failed

4/28/2015

Primary Sponsor

Jared Moskowitz

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Increases the corporate income tax exemption from $50,000 to $75,000 of net income under section 220.14, Florida Statutes.

  • Increases the franchise tax exemption for banks and savings associations from $50,000 to $75,000 under section 220.63, Florida Statutes.

  • Applies to taxable years beginning on or after January 1, 2016.

  • Takes effect January 1, 2016.

Legislative Description

Tax-exempt Income

Last Action

Died in Finance and Tax Committee

4/28/2015

Committee Referrals

Finance And Tax12/19/2014

Full Bill Text

No bill text available