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FL S0058

Bill

Status

Failed

3/10/2018

Primary Sponsor

Dorothy Hukill

Click for details

Origin

Senate

2018 Regular Session

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