Florida Dept. of Revenue - Chapter 12-29: Multitax Credits

Florida Proposed Rules

Rule Number: Rule Title
12-29.001 Scope 12-29.002 Florida Tax Credit Scholarship Program; Participation; Allocation; Carryforward; Transfer; Rescindment 12-29.003 Public Use Forms [Florida Tax Credit Scholarship Program; Applications] 12-29.004 Strong Families Tax Credit; Participation; Allocation; Carryforward; Transfer; Rescindment 12-29.005 The New Worlds Reading Initiative; Participation; Allocation; Carryforward; Transfer; Rescindment
Next Step:	At the March 29, 2022, meeting, the Governor and Cabinet approved the publication of the Notice of Proposed Rulemaking and subsequent adoption of the proposed rules if the substance of the proposed rules [including materials incorporated by reference, if any] remained unchanged upon reaching the date applicable to filing for final adoption pursuant to s. 120.54(3)(e)2., F.S. No substantive changes were made to the rules and the Department filed the rules for certification with the Department of State on May 3, 2022. These rules went into effect on May 23, 2022.

Forms:	DR-116000: Florida Tax Credit Scholarship Program - Application for Tax Credit Allocation for Contributions to Nonprofit Scholarship-Funding Organizations DR-226000: Strong Families Tax Credit - Application for Tax Credit Allocation for Contributions to an Eligible Charitable Organization DR-226100: Strong Families Tax Credit - Application for Rescindment of Previous Allocation of Tax Credit DR-226200: Strong Families Tax Credit - Notice of Intent to Transfer a Tax Credit DR-336000: The New Worlds Reading Initiative - Application for Tax Credit Allocation for Contributions to the Administrator DR-336100: The New Worlds Reading Initiative - Application for Rescindment of Previous Allocation of Tax Credit DR-336200: The New Worlds Reading Initiative - Notice of Intent to Transfer a Tax Credit

Certified Final Language:	May 23, 2022
Certification Package:	May 3, 2022
Certification Letter to JAPC:	April 25, 2022
Hearing Information:	April 21, 2022
Package Filed with JAPC:	April 1, 2022
Notice of Proposed Rule:	March 31, 2022 (Vol. 48, No. 63, pp. 1209-1220)
Cabinet Meeting for Hearing:	March 29, 2022
Notice of Public Meeting - Cabinet for Hearing:	March 18, 2022 (Vol. 48, No. 54, p. 1046)
Updated Draft Rule Language:	January 2022
Workshop Information:	November 16, 2021
Draft Rule Language:	November 16, 2021
Notice of Rule Development:	November 1, 2021 (Vol. 47, No. 212, pp. 5107-5108)

Purpose: The purpose of this rulemaking is to update the Department's rules to address 2021 legislative changes contained in Chapters 2021-31 and 2021-193, Laws of Florida. Section 38 of Chapter 2021-31, L.O.F., created s. 402.62, F.S., Strong Families Tax Credit program, which provides that a taxpayer may receive a credit against certain taxes for making an eligible contribution to an eligible charitable organization designated by the Department of Children and Families. Chapter 2021-31, L.O.F., created ss. 211.0253, 212.1834, 220.1877, 561.1213, and 624.51057, F.S., which establish the amount of tax credits allowed for contributions to eligible charitable organizations. Section 10 of Chapter 2021-193, L.O.F., created s. 1003.485, F.S., The New Worlds Reading Initiative, which provides that a taxpayer may receive a credit against certain taxes for making an eligible contribution to the administrator of the initiative designated by the Department of Education. Chapter 2021-193, L.O.F., created ss. 211.0252, 212.1833, 220.1876, 561.1212, and 624.51056, F.S., which establish the amount of tax credits allowed for contributions to the administrator of the initiative. The proposed amendments to Rules 12-29.001, 12-29.002, and 12-29.003, and the creation of Rules 12-29.004 and 12-29.005 reflect these provisions.