summary
Introduced
01/29/2019
01/29/2019
In Committee
02/08/2019
02/08/2019
Crossed Over
Passed
Dead
05/04/2019
05/04/2019
Introduced Session
2019 Regular Session
Bill Summary
Adopting the Internal Revenue Code in effect on January 1, 2019; providing for refunds of certain corporate income tax receipts in a certain fiscal year; providing for the subtraction of global intangible low-taxed income from taxable income for the purpose of determining adjusted federal income; requiring taxpayers filing returns during a certain timeframe to submit specified information to the Department of Revenue by certain means, etc.
AI Summary
This bill adopts the Internal Revenue Code in effect on January 1, 2019, and provides for refunds of certain corporate income tax receipts in the 2018-2019 and 2019-2020 fiscal years. It also requires taxpayers filing returns during those timeframes to submit specified information to the Department of Revenue, including details on global intangible low-taxed income, foreign-derived intangible income, and business interest expense. The bill authorizes the Department of Revenue to adopt emergency rules to implement the act and appropriates $120,000 in non-recurring funds for the Department's implementation efforts.
Committee Categories
Budget and Finance
Sponsors (3)
Other Sponsors (2)
Appropriations (S), Finance and Tax (S)
Last Action
Laid on Table, companion bill(s) passed, see HB 7127 (Ch. 2019-168) (on 05/01/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2019/576 |
| BillText | https://www.flsenate.gov/Session/Bill/2019/576/BillText/c2/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2019/576/BillText/c2/PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2019/576/BillText/c1/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2019/576/BillText/c1/PDF |
| Senate Committee Amendment #312328 | https://www.flsenate.gov/Session/Bill/2019/576/Amendment/312328/HTML |
| BillText | https://www.flsenate.gov/Session/Bill/2019/576/BillText/Filed/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2019/576/BillText/Filed/PDF |
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