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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 did not receive a request for the September 21, 2022, hearing. Therefore, the hearing has been canceled. The Department will post further updates as they become available

Hearing Information:September 21, 2022 (Canceled, no request received)
Package Filed with JAPC:August 24, 2022
Notice of Proposed Rule:August 24, 2022 (Vol. 48, No. 165)
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.