HB 675 (2010) -  Taxation

by Rehwinkel Vasilinda
Recreates annual intangible personal property tax at specified rate; provides for application of specified collection, administration, & enforcement provisions to taxation of specified leaseholds; authorizes DOR to adopt emergency implementing rules; prohibits specified deductibles for specified water's edge group members for corporate income tax purposes; provides additional subtraction from adjusted federal income; defines term "water's edge group reporting method"; requires water's edge group members to use specified group income reporting method; provides methodology requirements & return filing requirements; requires domestic disclosure spreadsheet filing requirements; replaces or deletes provisions relating to consolidated returns for affiliated groups to conform to water's edge group requirements; provides for transitional rules; repeals provision relating to consolidated returns for affiliated groups; requires appropriation of funds to Educational Enhancement Trust Fund for specified purposes.
Effective Date: July 1, 2010
Last Event: Died in Finance & Tax Council; companion bill(s) passed, see CS/SB 2126 (Ch. 2010-24) on Friday, April 30, 2010 6:59 PM

Related Bills

Staff Analysis

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Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Finance & Tax Council; companion bill(s) passed, see CS/SB 2126 (Ch. 2010-24) Time: 04/30/2010 - 6:59 PM Member: Committee: Finance & Tax Council Version: __
Event: H 1st Reading Time: 03/02/2010 - 10:50 PM Member: Committee: Version: __
Event: H Now in Finance & Tax Council Time: 01/28/2010 - 2:54 PM Member: Committee: Finance & Tax Council Version: __
Event: H Referred to Full Appropriations Council on Education & Economic Development Time: 01/28/2010 - 2:54 PM Member: Committee: Full Appropriations Council on Education & Economic Development Version: __
Event: H Referred to Policy Council Time: 01/28/2010 - 2:54 PM Member: Committee: Policy Council Version: __
Event: H Referred to Finance & Tax Council Time: 01/28/2010 - 2:54 PM Member: Committee: Finance & Tax Council Version: __
Event: H Filed Time: 01/14/2010 - 4:07 PM Member: Rehwinkel Vasilinda Committee: Version: __