summary
Introduced
02/28/2023
02/28/2023
In Committee
03/06/2023
03/06/2023
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Authorizes certain businesses to subtract specified deductions & credits from their taxable income.
AI Summary
This bill authorizes certain medical marijuana treatment centers licensed in Florida to subtract from their taxable income the deductions and credits that would have been allowable for federal income tax purposes, but for the restrictions in Section 280E of the Internal Revenue Code. This provision allows these licensed businesses to claim the same deductions and credits as other businesses, despite the federal restrictions related to the sale of controlled substances. The bill does not make any other changes to the state's tax code.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died in Ways & Means Committee (on 05/05/2023)
Taxonomy
Health
- ‐ Regulation of Drug Industry and Pharmacies
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2023/1269 | 02/28/2023 |
| BillText | https://www.flsenate.gov/Session/Bill/2023/1269/BillText/Filed/PDF | 02/28/2023 |
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