Legislative Session number- 84

Bill Name: SF3326

Relating to taxation; defining levy year; modifying special levies provisions;
modifying the determination of levy limit base; modifying the determination of
adjusted levy limit base; modifying the determination of property tax levy
limit; updating references to the internal revenue code; modifying certain
additions to federal taxable income provisions; providing an income tax
subtraction for certain military pension or retirement income; providing income
and corporate franchise tax credits for qualifying investments in dairy
operations; modifying the definition of earned income of lesser earning spouse
for marriage penalty credit purposes; providing an income tax credit for
immigrants seeking citizenship; modifying apportionment of net income
provisions; exempting materials, supplies and equipment used in the capital
improvements of resorts from the sales tax; requiring the commissioner of
revenue to interpret the definition of net income in conformance with the
internal revenue service
(ra)