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FL H7095

Bill

Official Source

Status

Passed

9/21/2020

Primary Sponsor

Ways and Means Committee

Click for details

Origin

House of Representatives

2020 Regular Session

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, 2020, replacing the previous January 1, 2019 reference date

  • Amends Section 220.03, Florida Statutes, which defines terms used in Florida's corporate income tax code

  • Ensures Florida tax terminology maintains the same meaning as comparable terms in federal income tax law as of January 1, 2020

  • Takes effect upon becoming law and operates retroactively to January 1, 2020

Legislative Description

Adoption of the Internal Revenue Code for Purposes of the Corporate Income Tax

Last Action

Chapter No. 2020-184

9/21/2020

Committee Referrals

Finance and Tax3/6/2020

Full Bill Text

No bill text available