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FL H0219

Bill

Official Source

Status

Failed

3/11/2016

Primary Sponsor

Jennifer Sullivan

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Increases the corporate income tax exemption from $50,000 to $75,000 of net income under Florida Statutes section 220.14
  • Increases the franchise tax exemption for banks and savings associations from $50,000 to $75,000 under Florida Statutes section 220.63
  • Applies to taxable years beginning on or after January 1, 2016
  • Takes effect on January 1, 2017

Legislative Description

Tax-Exempt Income

Last Action

Died in Finance and Tax Committee

3/11/2016

Committee Referrals

Finance And Tax10/7/2015

Full Bill Text

No bill text available