CS/SB 1506 (2011) -  Corporate Income Tax

General Bill by Commerce and Tourism and Ring
Corporate Income Tax: Allows the Office of Tourism, Trade, and Economic Development (OTTED) access to confidential taxpayer information related to the single sales apportionment factor. Provides for the apportionment of certain taxpayer's adjusted federal income solely by the sales factor provided in specified provisions. Authorizes the Department of Revenue to examine and verify that a taxpayer has correctly apportioned its taxes. Authorizes the OTTED to approve and revoke approval of an application, etc.
Effective Date: 07/01/2011
Last Event: 05/07/11 S Died in Budget, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) on Saturday, May 7, 2011 3:35 AM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
    • On agenda for: 03/29/11 1:00 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 5   Nays 0
  • Budget

Related Bills

Bill # Subject Relationship
Bill #: HB 1199 Subject: Corporate Income Tax Relationship: Similar
Bill #: CS/HB 143 Subject: Economic Development Relationship: Compare
Bill #: HB 7203 Subject: Economic Development Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Commerce and Tourism 3/30/2011 10:51:32 AM
Chamber: Senate Committee: Commerce and Tourism 3/28/2011 1:40:59 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Budget, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) Time: 05/07/2011 - 3:35 AM Member: Committee: Version: c1
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: c1
Event: S CS by Commerce and Tourism read 1st time -SJ 317 Time: 03/30/2011 - 7:18 PM Member: Committee: Version: c1
Event: S Now in Budget -SJ 308 Time: 03/30/2011 - 4:38 PM Member: Committee: Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/30/2011 - 11:36 AM Member: Committee: Version: c1
Event: S CS by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 308 Time: 03/29/2011 - 4:22 PM Member: Committee: Version: __
Event: S On Committee agenda-- Commerce and Tourism, 03/29/11, 1:00 pm, 401 Senate Office Building Time: 03/24/2011 - 4:32 PM Member: Committee: Version: __
Event: S Introduced -SJ 170 Time: 03/10/2011 - 8:24 AM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Budget -SJ 170 Time: 03/09/2011 - 2:03 PM Member: Committee: Version: __
Event: S Filed Time: 03/02/2011 - 10:00 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
213.053 SB 264, HB 397, CS/CS/SB 728, SB 774, CS/CS/HB 873*, CS/CS/CS/HB 907*, SB 924, HB 943*, CS/CS/HB 965*, CS/SB 976, HB 1209, CS/SB 1224, SB 1236, SB 1296, CS/SB 1384, CS/SB 1388, SB 1746, CS/CS/SB 1916, SB 2044, SB 2106, SB 2120, SB 2150, SB 2156, CS/HB 5005, CS/CS/HB 7005*, HB 7009, HB 7203*, HB 7217, HB 7247
220.131 HB 1199, SB 1222, HB 7203*
220.153 HB 1199, HB 7203*

(*) Not the latest version