220.1877 – Credit for contributions to eligible charitable organizations.
1220.1877 Credit for contributions to eligible charitable organizations.— 2(1) For taxable years beginning on or after January 1, 2021, there is allowed a credit of 100 percent of an eligible contribution made to an eligible charitable organization under s. 402.62 against any tax due for a taxable year under this chapter after the application of any other […]
220.14 – Exemption.
220.14 Exemption.— (1) In computing a taxpayer’s liability for tax under this code, there shall be exempt from the tax $50,000 of net income as defined in s. 220.12 or such lesser amount as will, without increasing the taxpayer’s federal income tax liability, provide the state with an amount under this code which is equal to the […]
220.1895 – Rural Job Tax Credit and Urban High-Crime Area Job Tax Credit.
220.1895 Rural Job Tax Credit and Urban High-Crime Area Job Tax Credit.—There shall be allowed a credit against the tax imposed by this chapter amounts approved by the Department of Economic Opportunity pursuant to the Rural Job Tax Credit Program in s. 212.098 and the Urban High-Crime Area Job Tax Credit Program in s. 212.097. A […]
220.15 – Apportionment of adjusted federal income.
220.15 Apportionment of adjusted federal income.— (1) Except as provided in ss. 220.151, 220.152, and 220.153, adjusted federal income as defined in s. 220.13 shall be apportioned to this state by taxpayers doing business within and without this state by multiplying it by an apportionment fraction composed of a sales factor representing 50 percent of the fraction, […]
220.151 – Apportionment; methods for special industries.
220.151 Apportionment; methods for special industries.— (1)(a) Except as provided in paragraph (b), the tax base of an insurance company for a taxable year or period shall be apportioned to this state by multiplying such base by a fraction the numerator of which is the direct premiums written for insurance upon properties and risks in this state […]
220.152 – Apportionment; other methods.
220.152 Apportionment; other methods.—If the apportionment methods of ss. 220.15 and 220.151 do not fairly represent the extent of a taxpayer’s tax base attributable to this state, the taxpayer may petition for, or the department may require, in respect to all or any part of the taxpayer’s tax base, if reasonable: (1) Separate accounting; (2) The exclusion of […]
220.153 – Apportionment by sales factor.
220.153 Apportionment by sales factor.— (1) DEFINITION.—As used in this section, the term “qualified capital expenditures” means expenditures in this state for purposes substantially related to a business’s production or sale of goods or services. The expenditure must fund the acquisition of additional real property (land, buildings, including appurtenances, fixtures and fixed equipment, structures, etc.), including additions, […]
220.16 – Allocation of nonbusiness income.
220.16 Allocation of nonbusiness income.—Nonbusiness income shall be allocated as follows: (1)(a) Net rents and royalties from real property located in this state are allocable to this state. (b) Net rents and royalties from tangible personal property are allocable to this state: 1. If, and to the extent that, the property is utilized in this state; or 2. In their […]
220.181 – Enterprise zone jobs credit.
220.181 Enterprise zone jobs credit.— (1)(a) There shall be allowed a credit against the tax imposed by this chapter to any business located in an enterprise zone which demonstrates to the department that, on the date of application, the total number of full-time jobs is greater than the total was 12 months before that date. The credit […]
220.11 – Tax imposed.
220.11 Tax imposed.— (1) A tax measured by net income is hereby imposed on every taxpayer for each taxable year for the privilege of conducting business, earning or receiving income in this state, or being a resident or citizen of this state. Such tax shall be in addition to all other occupation, excise, privilege, and property taxes […]