CS/CS/HB 873 (2011) -  Corporate Tax Credits and Refunds

General Bill by Finance & Tax Committee and Economic Development & Tourism Subcommittee and Crisafulli (CO-SPONSORS) Abruzzo
Corporate Tax Credits and Refunds: Authorizes OTTED to administer corporate income tax credits for spaceflight projects; authorizes DOR to share information relating to corporate income tax credits for spaceflight projects with OTTED; revises order in which credits against corporate income tax or franchise tax may be taken; requires that amount taken as credit for spaceflight project be added to taxable income; prohibits deduction from taxable income for net operating loss taken as credit against corporate income taxes or transferred; requires that amount of payments received in exchange for transferring net operating loss for spaceflight projects be allocated to state; authorizes certified spaceflight business to take or transfer corporate income tax credits; specifies tax credit amounts & business eligibility criteria; provides limitations; requires business to demonstrate to satisfaction of office & department its eligibility to claim tax credit; requires business to submit application to office for approval to earn credits; authorizes department to perform audits & investigations necessary to verify accuracy of returns; specifies circumstances under which office may revoke or modify certification; increases amount of tax refund defense or space flight contractor or target industry business may receive.
Effective Date: upon becoming a law
Last Event: Died in Conference Committee; companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) on Saturday, May 7, 2011 2:07 AM
Date Available for Final Passage: Friday, April 08, 2011 12:28 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 1224 Subject: Corporate Tax Credits and Refunds Relationship: Similar
Bill #: CS/HB 143 Subject: Economic Development Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Finance & Tax Committee 3/31/2011 11:01:54 AM
Chamber: House Committee: Finance & Tax Committee 3/29/2011 9:43:51 AM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/25/2011 1:37:52 PM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/19/2011 1:32:04 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/06/2011 12:29 PM   Yeas: 118 Nays: 1 Action: Passage Action 2: Vote Detail: Vote [Seq# 104] Barcode:
Chamber: Senate Date: 04/07/2011 03:07 PM   Yeas: 38 Nays: 1 Action: Action 2: Vote Detail: Vote [Seq# 43] Barcode:

Bill History

Event Time Member Committee Ver.
Event: H Died in Conference Committee; companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) Time: 05/07/2011 - 2:07 AM Member: Committee: Version: e1
Event: S Conference Committee appointed Time: 04/26/2011 - 9:56 PM Member: Committee: Version: e1
Event: H Conference Committee appointed Time: 04/26/2011 - 9:30 PM Member: Committee: Version: e1
Event: H In Messages Time: 04/07/2011 - 4:32 PM Member: Committee: Version: e1
Event: S Refused to concur, acceded to request for conference committee -SJ 453 Time: 04/07/2011 - 3:13 PM Member: Committee: Version: e1
Event: S Immediately certified -SJ 452 Time: 04/07/2011 - 3:11 PM Member: Committee: Version: e1
Event: S Placed on Special Order Calendar, 04/07/11 -SJ 452 Time: 04/07/2011 - 3:09 PM Member: Committee: Version: e1
Event: S CS passed as amended; YEAS 38 NAYS 1 -SJ 452 Time: 04/07/2011 - 3:07 PM Member: Committee: Version: e1
Event: S Read 3rd time -SJ 452 Time: 04/07/2011 - 3:07 PM Member: Committee: Version: e1
Event: S Amendment(s) adopted (762206) -SJ 452 Time: 04/07/2011 - 3:07 PM Member: Committee: Version: e1
Event: S Withdrawn from Budget -SJ 452 Time: 04/07/2011 - 3:06 PM Member: Committee: Version: e1
Event: S Referred to Budget -SJ 452 Time: 04/07/2011 - 3:06 PM Member: Committee: Version: e1
Event: S Read 2nd time -SJ 452 Time: 04/07/2011 - 3:06 PM Member: Committee: Version: e1
Event: S Received -SJ 451 Time: 04/07/2011 - 3:05 PM Member: Committee: Version: e1
Event: S In Messages Time: 04/06/2011 - 3:32 PM Member: Committee: Version: e1
Event: H Message sent to senate Time: 04/06/2011 - 3:30 PM Member: Committee: Version: e1
Event: H Requests the Senate pass the bill as passed by the House or agree to conference Time: 04/06/2011 - 12:42 PM Member: Committee: Version: c2
Event: H Immediately certified Time: 04/06/2011 - 12:37 PM Member: Committee: Version: c2
Event: H CS passed as amended; YEAS 118, NAYS 1 Time: 04/06/2011 - 12:29 PM Member: Committee: Version: c2
Event: H Passage on third reading Time: 04/06/2011 - 12:29 PM Member: Committee: Version: c2
Event: H Read 3rd time Time: 04/06/2011 - 12:28 PM Member: Committee: Version: c2
Event: H Amendment 301821 adopted Time: 04/06/2011 - 12:28 PM Member: Committee: Version: c2
Event: H Read 2nd time Time: 04/06/2011 - 12:25 PM Member: Committee: Version: c2
Event: H Amendment 989041 withdrawn Time: 04/06/2011 - 8:35 AM Member: Committee: Version: c2
Event: H Amendment 989041 filed Time: 04/04/2011 - 1:54 PM Member: Committee: Version: c2
Event: H Amendment 301821 filed Time: 04/04/2011 - 9:55 AM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (4/6/2011) Time: 04/01/2011 - 4:01 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 03/31/2011 - 8:01 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 03/31/2011 - 8:01 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 03/31/2011 - 2:59 PM Member: Committee: Version: c2
Event: H CS Filed Time: 03/31/2011 - 11:15 AM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 03/31/2011 - 11:15 AM Member: Committee: Version: c1
Event: H Reported out of Finance & Tax Committee Time: 03/31/2011 - 11:02 AM Member: Committee: Finance & Tax Committee Version: c1
Event: H Favorable with CS by Finance & Tax Committee Time: 03/30/2011 - 7:15 PM Member: Committee: Finance & Tax Committee Version: c1
Event: H Added to Finance & Tax Committee agenda Time: 03/28/2011 - 4:26 PM Member: Committee: Finance & Tax Committee Version: c1
Event: H Now in Finance & Tax Committee Time: 03/28/2011 - 9:45 AM Member: Committee: Finance & Tax Committee Version: c1
Event: H Referred to Finance & Tax Committee Time: 03/28/2011 - 9:45 AM Member: Committee: Finance & Tax Committee Version: c1
Event: H 1st Reading Time: 03/25/2011 - 5:23 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/25/2011 - 1:57 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 03/25/2011 - 1:57 PM Member: Committee: Version: __
Event: H Reported out of Economic Development & Tourism Subcommittee Time: 03/25/2011 - 1:38 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Favorable with CS by Economic Development & Tourism Subcommittee Time: 03/22/2011 - 3:00 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Added to Economic Development & Tourism Subcommittee agenda Time: 03/18/2011 - 4:04 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/03/2011 - 9:49 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 03/03/2011 - 9:49 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Rulemaking & Regulation Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Rulemaking & Regulation Subcommittee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Filed Time: 02/21/2011 - 11:01 AM Member: Crisafulli Committee: Version: __