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Florida Proposed Rules

Rule Number: Rule Title
12C-1.013Adjusted Federal Income Defined
12C-1.042Methods of Accounting

Next Step:The Department will present this rule to the Governor and Cabinet during the regularly-scheduled Cabinet meeting August 23, 2022, to request Approval to Hold Public Hearings on Proposed Rules. The meeting will take place at 9:00a.m. in the Cabinet Meeting Room in the Lower Level of the Capitol. Rule materials for the meeting are available below, and additional information about the Cabinet meeting can be found on the Governor and Cabinet's meeting website

Cabinet Meeting for Hearing:August 23, 2022
Notice of Public Meeting - Cabinet for Hearing:August 12, 2022 (Vol. 48, No. 157)
Workshop Information:July 27, 2022
Draft Rule Language:July 27, 2022
Notice of Rule Development:July 12, 2022 (Vol. 48, No. 138, pp. 8-9)

Purpose:    The purpose of this rulemaking is to repeal Rule 12C-1.042, F.A.C., which contains obsolete language related to long-term contract adjustments. The proposed rulemaking deletes paragraph 12C-1.013(3)(b), F.A.C., as it consists of a cross-reference to Rule 12C-1.042, F.A.C., and also deletes obsolete language related to long-term contract adjustments in Rule 12C-1.013(3)(a), F.A.C.; emergency excise tax in Rule 12C-1.013(3)(c), F.A.C.; and installment sales adjustments in Rule 12C-1.013(3)(e), F.A.C. The proposed rulemaking specifies that the flush left paragraph in s. 220.131(1), F.S., referenced in Rule 12C-1.013(3)(a), F.A.C., may be viewed in the 1985 edition of the Florida Statutes.