Legislative Session number- 84

Bill Name: SF3795

Relating to taxation; establishing a tax rate for school district operating
capital revenue; requiring a certain majority percentage of foreign operations
gross income to be derived from sources outside the country for foreign
operating corporation income tax treatment; reducing foreign operating
corporation deemed dividends; requiring the commissioner of revenue to determine
taxable net income under certain conditions of improper taxable net income;
increasing local government aid (LGA) to cities; providing a property tax rebate
for homeowners; requiring the commissioner of revenue to pay eligible property
owners a property tax rebate equal to a certain percentage of property taxes
payable in 2006 on homesteads
(ra)