Florida House Bill 165 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on May 2 2014 - 100% progression
Action: 2014-05-02 - Died in Economic Development and Tourism Subcommittee
Text: Latest bill text (Introduced) [PDF]

Provides corporate tax credit against state corporate income tax in amount equal to specified percentage of corporation's payments to small business providing goods or services to the corporation; provides qualification criteria; requires corporation & business to submit application to DEO for approval to earn credits; provides procedures & requirements for department approval; specifies amount of tax credit; prohibits tax credits from being carried forward or backward or being transferred or sold; provides criminal & administrative penalties; authorizes DEO & DOR to adopt rules; revises order in which credits against corporate income tax or franchise tax may be taken to include certain credits relating to corporation's execution of business contract with small business; redefines term "adjusted federal income" to include amount of such tax credits.

Economic Development

Sen. Janet Cruz [D]

Sen. Daphne Campbell [D]

Date	Chamber	Action
2014-05-02	House	Died in Economic Development and Tourism Subcommittee
2014-03-04	House	Introduced
2013-11-05	House	Referred to Economic Development and Tourism Subcommittee; Finance and Tax Subcommittee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee
2013-10-10	House	Filed

S0080 (Same As) 2014-05-02 - Died in Commerce and Tourism

Chapter	Article	Section	Citation Type	Statute Text
220	02		Amended Code	See Bill Text
220	13		Amended Code	See Bill Text
220	1945		Amended Code	See Bill Text

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2014/165
Text	http://www.flsenate.gov/Session/Bill/2014/0165/BillText/Filed/PDF