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FL H7099
Bill
Status
Passed
6/2/2017
Primary Sponsor
Ways and Means Committee
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AI Summary
- Updates Florida's corporate income tax code to adopt the U.S. Internal Revenue Code as amended and in effect on January 1, 2017 (from the previous January 1, 2016 reference date), applied retroactively to January 1, 2017
- Extends the filing extension for corporate tax returns to 7 months (from 6) for taxpayers with a taxable year ending June 30, for taxable years beginning before January 1, 2026, applied retroactively to taxable years beginning on or after January 1, 2016
- Removes the previously enacted 5-month shortened extension period for taxpayers with a taxable year ending December 31
- Requires estimated tax payments that would otherwise be due on the last Saturday or Sunday of June to be paid on or before the last Friday of June, overriding any administrative rule allowing payment on the next business day
- Takes effect upon becoming law
Legislative Description
Corporate Income Tax
Last Action
Chapter No. 2017-67, companion bill(s) passed, see HB 7109 (Ch. 2017-36)
6/2/2017
Committee Referrals
Appropriations4/25/2017
Full Bill Text
No bill text available