FL H1069 | 2020 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on March 14 2020 - 100% progression
Action: 2020-03-14 - Died in Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on March 14 2020 - 100% progression
Action: 2020-03-14 - Died in Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishes tax credit for carbon farming; requires Secretary of DEP, in consultation with DOR & DACS, to determine amount of tax credit; requires DOR to certify taxpayer's eligibility for credit; authorizes tax credit to carry forward for period of time; requires department to adopt rules; making technical change; revises order in which credits against corporate income tax or franchise tax may be taken to include credits for carbon farming; revises term "adjusted federal income" to include certain tax credits taken relating to carbon farming.
Title
Tax Credit for Carbon Farming
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-03-14 | House | Died in Ways and Means Committee |
2020-03-14 | House | Indefinitely postponed and withdrawn from consideration |
2020-01-14 | House | Introduced |
2020-01-13 | House | Referred to Ways and Means Committee; Agriculture and Natural Resources Subcommittee; Appropriations Committee |
2020-01-03 | House | Filed |
Same As/Similar To
S286 (Same As) 2020-03-14 - Died in Agriculture
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
220 | 02 | Amended Code | See Bill Text | |
220 | 13 | Amended Code | See Bill Text | |
220 | 197 | Amended Code | See Bill Text |
Florida State Sources
Type | Source |
---|---|
Summary | https://www.flsenate.gov/Session/Bill/2020/1069 |
Text | https://www.flsenate.gov/Session/Bill/2020/1069/BillText/Filed/PDF |