Legislative Session number- 81

Bill Name: SF2654

E Relating to taxation ARTICLE 1 INCOME AND FRANCHISE TAXESDefining domicile for
corporate franchise tax purposes; adding certain amounts subtracted from federal
taxable income to the definition of alternative minimum taxable income for
income tax purposes; clarifying the provision regulating allocation to the state
of income not derived from the conduct of a trade or business ARTICLE 2 FEDERAL
UPDATEUpdating certain state income tax provisions to changes in the internal
revenue code (IRC) relating to the federal miscellaneous trade and technical
corrections act of 1999 and the ticket to work and work incentives improvement
act of 1999; updating the definition of internal revenue code for estate tax
purposesARTICLE 3 PROPERTY TAXES Exempting deeds or other documents dated and
acknowledged before a certain date from the requirement to file a certificate of
value upon sale of the property and limiting the information required to be
shown on the certificate of value ARTICLE 4 SPECIAL TAXES Expanding the
definition of stamp for cigarette and tobacco tax purposes, eliminating the
requirement for heat applied stampsARTICLE 5 MISCELLANEOUSCreating an exception
to the requirement for the commissioner of revenue to release liens upon an
uncollectible debt determination for tax liens; modifying the definition of date
of assessment; making optional a certain requirement for the commissioner to
determine, correct and assess state taxes and penalties; clarifying the
definition of patient services for hospital and health care providers gross
earnings tax purposes and modifying certain exemptions from the tax; expanding
the definition of contraband for cigarette tax purposes; repealing a certain
rule(ra, ja)