summary
Introduced
12/15/2023
12/15/2023
In Committee
01/04/2024
01/04/2024
Crossed Over
Passed
Dead
03/08/2024
03/08/2024
Introduced Session
2024 Regular Session
Bill Summary
An act relating to the corporate income tax; amending s. 220.13, F.S.; requiring the subtraction from adjusted federal income of certain expenditures of a taxpayer that is a medical marijuana treatment center; providing an effective date.
AI Summary
This bill amends the definition of "adjusted federal income" for the corporate income tax in Florida. It allows medical marijuana treatment centers to subtract from their taxable income any expenditures that are eligible for a federal income tax deduction but are disallowed because marijuana is still considered a controlled substance under federal law. The bill provides that this new subtraction can be made starting on July 1, 2024.
Sponsors (1)
Last Action
Died in Health Policy (on 03/08/2024)
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/2024/974 | 12/15/2023 |
| BillText | https://www.flsenate.gov/Session/Bill/2024/974/BillText/Filed/HTML | 12/15/2023 |
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