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Bill > S7058


FL S7058

FL S7058
Internal Revenue Code


summary

Introduced
04/18/2023
In Committee
04/18/2023
Crossed Over
04/28/2023
Passed
Dead
05/05/2023

Introduced Session

2023 Regular Session

Bill Summary

Revising the date of adoption of the Internal Revenue Code and other federal income tax statutes for purposes of the state corporate income tax; providing retroactive operation, etc.

AI Summary

This bill revises the date of adoption of the Internal Revenue Code (IRC) and other federal income tax statutes for the purposes of the state corporate income tax in Florida. Specifically, it updates the reference to the IRC from January 1, 2022 to January 1, 2023, meaning that the 2023 version of the IRC will be used for Florida's state corporate income tax. The bill also provides for retroactive operation of this change to January 1, 2023, ensuring that the updated IRC reference applies from the beginning of the current tax year.

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Finance and Tax (Senate)

Last Action

Died in Messages; companion bill(s) passed, see HB 7063 (Ch. 2023-157) (on 05/05/2023)

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