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FL H0509

Bill

Official Source

Status

Failed

5/5/2023

Primary Sponsor

Toby Overdorf

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Creates the Internal Revenue Service Civil Liability Trust Fund within the Department of Financial Services under new s. 17.44, Florida Statutes
  • Funds the trust fund through legislative appropriations and interest earnings
  • Limits the trust fund's use to reimbursing reasonable attorney fees and costs incurred by small business owners in connection with IRS civil liability matters, as outlined in s. 17.45
  • Requires any remaining balance at the end of the fiscal year to carry forward in the trust fund rather than revert, and exempts the trust fund from constitutional automatic termination provisions
  • Takes effect contingent on HB 507 or similar legislation being adopted in the same legislative session and becoming law

Legislative Description

Trust Funds/Internal Revenue Service Civil Liability Trust Fund/DFS

Last Action

Died in Judiciary Committee

5/5/2023

Committee Referrals

Judiciary3/30/2023
Ways and Means Committee2/1/2023

Full Bill Text

No bill text available