Florida House Bill 1335 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 10-0)
Status: Failed on March 9 2012 - 100% progression
Action: 2012-03-09 - Died in Business and Consumer Affairs Subcommittee
Text: Latest bill text (Introduced) [PDF]

Creates "Fair Economy Act"; requires members of unitary business or water's edge group to file combined corporate income tax return & allocate income to Florida using single apportionment computation; disregards intercompany transactions between affiliated entities; adopts throw-out rule for sales & income attributable to Florida by members whose activities are excluded from apportionment; requires water's edge group to file domestic disclosure spreadsheet disclosing income reported to each state, state tax liability, & method used to apportion or allocate income to each state; provides transition rules; requires DEO, with DOR, to submit annual report of economic development incentives & state expenditures for economic development activities; provides for withholding of certain funds from property-taxing authorities that do not submit reports; requires granting authorities to use unified application for award of incentives, submit approved applications to DEO, & submit progress reports to DEO on incentives; requires recipient corporations & their corporate parents to provide access to project sites & certain records; authorizes fines against recipient corporations that do not grant access or submit reports; provides for recapture & repayment of incentives from recipient corporations that do not meet certain job, wage, & employee benefit requirements or whose corporate parents do not maintain certain levels of employment in state.

Economic Development

Sen. Lori Berman [D]	Sen. Dwight Bullard [D]	Sen. Jeff Clemens [D]	Sen. Janet Cruz [D]
Rep. Reggie Fullwood [D]	Rep. Evan Jenne [D]	Rep. Rick Kriseman [D]	Rep. Mark Pafford [D]
Rep. Steven Perman [D]	Rep. Scott Randolph [D]

Date	Chamber	Action
2012-03-09		Died in Business and Consumer Affairs Subcommittee
2012-01-12		Referred to Business and Consumer Affairs Subcommittee; Finance and Tax Committee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee -HJ 215
2012-01-10		Introduced -HJ 131
2012-01-06		Filed

Chapter	Article	Section	Citation Type	Statute Text
220	03		Amended Code	See Bill Text
220	13		Amended Code	See Bill Text
220	131		Amended Code	See Bill Text
220	14		Amended Code	See Bill Text
220	15		Amended Code	See Bill Text
220	183		Amended Code	See Bill Text
220	1845		Amended Code	See Bill Text
220	1875		Amended Code	See Bill Text
220	191		Amended Code	See Bill Text
220	192		Amended Code	See Bill Text
220	193		Amended Code	See Bill Text
220	51		Amended Code	See Bill Text
220	64		Amended Code	See Bill Text
288	1254		Amended Code	See Bill Text
376	30781		Amended Code	See Bill Text
627	6699		Amended Code	See Bill Text

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2012/1335
Text	http://www.flsenate.gov/Session/Bill/2012/1335/BillText/Filed/PDF