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FL S0058
Bill
AI Summary
- Increase corporate income tax exemption from $50,000 to $75,000 of net income per taxpayer under section 220.14, Florida Statutes
- Increase franchise tax exemption for banks and savings associations from $50,000 to $75,000 under section 220.63, Florida Statutes
- Both exemption increases apply to taxable years beginning on or after January 1, 2019
- Effective date is January 1, 2019
Legislative Description
Tax-exempt Income
Last Action
Died in Banking and Insurance
3/10/2018
Committee Referrals
Banking and Insurance8/28/2017
Full Bill Text
No bill text available