Bill Summary

HB 7127 Corporate Income Tax (2019 Session)
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Sponsors
by Ways & Means Committee, Avila
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Summary
Corporate Income Tax: Adopts IRC provisions in effect on January 1, 2019; extends period during which specified automatic refunds & downward adjustments to tax rates apply; revises subtractions to be made in calculating taxable income requiring submission of certain corporate tax information to DOR; requires DOR to create secure online application form to allow taxpayers to submit such information; provides deadlines; provides audit & investigation authority; provides for penalty; provides repeal date; authorizes emergency rules; provides appropriation. Effective Date: upon becoming a law
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committees of reference
Committee references not assigned.
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Actions
04/17/19
HOUSE 
Filed (Formerly PCB WMC3)
04/18/19
HOUSE 
Referred to Calendar
04/22/19
HOUSE 
Placed on Special Order Calendar, 04/25/19
04/25/19
HOUSE 
Read Second Time; Read Third Time; Passed (Vote: 71 Yeas / 41 Nays)
04/26/19
SENATE
In Messages
04/26/19
SENATE
Received; Referred to Finance and Tax; Appropriations
05/01/19
SENATE
Withdrawn from Finance and Tax; Appropriations; Placed on Calendar, on 2nd Reading; Substituted for SB 0576; Read Second Time; Placed on Third Reading, 05/02/19
05/02/19
SENATE
Read Third Time; Passed (Vote: 39 Yeas / 1 Nay)
05/02/19
HOUSE 
Ordered enrolled
05/02/19
HOUSE 
Enrolled Text (ER) Filed
06/26/19
______ 
Signed by Officers and presented to Governor (Governor must act on this bill by 07/11/19)
06/28/19
______ 
Approved by Governor; Chapter No. 2019-168
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bill text & filed amendments
7127
Filed on 04/17/19
PDF
No amendments to this bill text filed.
7127ER
Filed on 05/02/19
PDF
No amendments to this bill text filed.
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Statute Citations
220.03
220.1105
220.13
220.27
Research & Reports
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