Florida Proposed Rules
| Rule Number: Rule Title |
| 12C-1.013 | Adjusted Federal Income Defined |
| 12C-1.042 | Methods of Accounting |
|
| Next Step: | At the August 23, 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 October 7, 2022. These rules will go into effect on October 27, 2022. |
| Certified Final Language: | October 27, 2022 |
| Certification Package: | October 7, 2022 |
| Certification Letter to JAPC: | September 26, 2022 |
| 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.
