Florida Statutes Part II - Tax Imposed; Apportionment (Ss. 220.11-220.196)

• 220.11 - Tax Imposed.
  (1) A tax measured by net income is hereby imposed on every taxpayer for each taxable year commencing on or after January 1, 1972, and for...
• 220.12 - “net Income” Defined.
  For purposes of this code, a taxpayer’s net income for a taxable year shall be its adjusted federal income, or that share of its adjusted...
• 220.13 - “adjusted Federal Income” Defined.
  (1) The term “adjusted federal income” means an amount equal to the taxpayer’s taxable income as defined in subsection (2), or such taxable income of more...
• 220.131 - Adjusted Federal Income; Affiliated Groups.
  (1) Notwithstanding any prior election made with respect to consolidated returns, and subject to subsection (5), for taxable years beginning on or after September 1, 1984,...
• 220.14 - Exemption.
  1(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....
• 220.15 - Apportionment Of Adjusted Federal Income.
  1(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...
• 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...
• 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...
• 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...
• 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...
• 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...
• 220.182 - Enterprise Zone Property Tax Credit.
  (1)(a) Beginning July 1, 1995, there shall be allowed a credit against the tax imposed by this chapter to any business which establishes a new business...
• 220.183 - Community Contribution Tax Credit.
  (1) AUTHORIZATION TO GRANT COMMUNITY CONTRIBUTION TAX CREDITS; LIMITATIONS ON INDIVIDUAL CREDITS AND PROGRAM SPENDING.—(a) There shall be allowed a credit of 50 percent of a community...
• 220.184 - Hazardous Waste Facility Tax Credit.
  (1) A credit against the tax imposed by this chapter shall be allowed to the owner of any commercial hazardous waste facility who incurs expenses for...
• 220.1845 - Contaminated Site Rehabilitation Tax Credit.
  (1) APPLICATION FOR TAX CREDIT.—A site rehabilitation application must be received by the Division of Waste Management of the Department of Environmental Protection by January 31...
• 220.185 - State Housing Tax Credit.
  (1) DEFINITIONS.—As used in this section, the term:(a) “Credit period” means the period of 5 years beginning with the year the project is completed.(b) “Eligible basis” means a...
• 220.186 - Credit For Florida Alternative Minimum Tax.
  (1) A taxpayer required to determine taxable income pursuant to s. 220.13(2)(k) shall be allowed a credit against the tax imposed by this chapter in any...
• 220.1875 - Credit For Contributions To Eligible Nonprofit Scholarship-funding Organizations.
  (1) There is allowed a credit of 100 percent of an eligible contribution made to an eligible nonprofit scholarship-funding organization under s. 1002.395 against any tax...
• 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...
• 220.1899 - Entertainment Industry Tax Credit.
  (1) There shall be a credit allowed against the tax imposed by this chapter in the amounts awarded by the Department of Economic Opportunity under the...
• 220.19 - Child Care Tax Credits.
  (1) If the credit granted under this section is not fully used in any one year because of insufficient tax liability on the part of the...
• 220.191 - Capital Investment Tax Credit.
  (1) DEFINITIONS.—For purposes of this section:(a) “Commencement of operations” means the beginning of active operations by a qualifying business of the principal function for which a qualifying...
• 220.192 - Renewable Energy Technologies Investment Tax Credit.
  (1) DEFINITIONS.—For purposes of this section, the term:(a) “Biodiesel” means biodiesel as defined in s. 212.08(7)(hhh).(b) “Corporation” includes a general partnership, limited partnership, limited liability company, unincorporated business,...
• 220.193 - Florida Renewable Energy Production Credit.
  (1) The purpose of this section is to encourage the development and expansion of facilities that produce renewable energy in Florida.(2) As used in this section, the...
• 220.194 - Corporate Income Tax Credits For Spaceflight Projects.
  (1) SHORT TITLE.—This section may be cited as the “Florida Space Business Incentives Act.”(2) PURPOSE.—The purpose of this section is to create incentives to attract launch, payload,...
• 220.195 - Emergency Excise Tax Credit.
  (1) Beginning with taxable years ending in 2012, a taxpayer who has earned, but not yet taken, a credit for emergency excise tax paid under former...
• 220.196 - Research And Development Tax Credit.
  (1) DEFINITIONS.—As used in this section, the term:(a) “Base amount” means the average of the business enterprise’s qualified research expenses in this state allowed under 26 U.S.C....

Last modified: September 23, 2016