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Florida Proposed Rules


Rule Number:Rule Title
12C-1.01915Credit for Qualified Railroad Reconstruction or Replacement Expenditures
12C-1.0193Florida Renewable Energy Production Credit (Repeal)
12C-1.051Forms

Next Step:A hearing will be held, if requested in writing, at 9:00 a.m. on January 14, 2025, in Building 1, Room 1221, 2450 Shumard Oak Boulevard in Tallahassee. An agenda and materials for the hearing are available below.

Forms:
F-1120: Florida Corporate Income/Franchise Tax Return
F-1120N: Instructions for - Corporate Income/Franchise Tax Return for taxable years beginning on or after January 1, 2024
F-11915: Florida Credit for Qualified Railroad Reconstruction or Replacement Expenditures Application for Credit
F-11915T: Florida Credit for Qualified Railroad Reconstruction or Replacement Expenditures Notice of Intent to Transfer a Credit
F-11992: Florida Individuals with Unique Abilities Tax Credit Program Application for Tax Credit
F-2220: Underpayment of Estimated Tax on Florida Corporate Income/Franchise Tax



Hearing Information:January 14, 2025
Package Filed with JAPC:December 20, 2024
Notice of Proposed Rule:December 19, 2024 (Vol. 50, No. 246)
Cabinet Meeting for Hearing:December 17, 2024
Revised Notice of Public Meeting - Cabinet for Hearing:December 12, 2024 (Vol. 50. No. 241)
Notice of Public Meeting - Cabinet for Hearing:December 11, 2024 (Vol. 50. No. 240)
Workshop Transcript:August 15, 2024
Workshop Information:August 15, 2024
Draft Rule Language:August 15, 2024
Notice of Rule Development:August 1, 2024 (Vol. 50, No. 150)

Purpose:    The purpose of the draft amendments to Rule 12C-1.01915, F.A.C. (Credit for Railroad Reconstruction or Replacement Expenditures), and to the two forms used to administer this tax credit incorporated by reference in Rule 12C-1.015, F.A.C. (Forms), is to reflect the provisions of section 220.1915, as amended by section 40, Chapter 2024-158, Laws of Florida (L.O.F.), and to remove the provisions rendered obsolete.

The purpose of the draft amendments to Rule 12C-1.051, F.A.C., is also to adopt a new form to implement section 220.1992, F.S., Individuals with Unique Abilities Tax Credit Program, created by section 41, Chapter 2024-158, L.O.F., to reflect the provisions of section 220.199, F.S., Residential graywater system tax credit, created by section 32, Chapter 2023-157, L.O.F., and to adopt updates to Florida corporate/income tax forms to reflect these law changes and to remove obsolete provisions.