The Florida Department of Revenue (DOR) is asking business leaders for their thoughts and comments regarding the federal Tax Cuts and Jobs Act and its effect on the state corporate income tax.
The Florida Legislature and the Department of Revenue are relying heavily on public comment to identify areas where the state tax base may be expanded and how the Tax Cats and Jobs Act might increase state taxes on businesses. Changes to how Florida adopts the Internal Revenue Code for state tax purposes are expected to be adopted in the 2019 Legislative Session.
Comments may be submitted by email to: CITReview@floridarevenue.com or by regular mail to: Corporate Income Tax Review, c/o Director of Legislative and Cabinet Services, Department of Revenue, P.O. Box 5906, Tallahassee, Florida 32314-5906. These comments will be posted to DOR’s website.
In addition, DOR will be holding two public workshops to receive public comments on the Tax Cuts and Jobs Act, the first of which will be held August 22, 2018 at 9 AM EST in Tallahassee. Those unable to attend in person can register by webinar here.
For more information, please visit the DOR website.