27276223, 12CER23-9 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 27276223

Notice of Emergency Rule

Department:

DEPARTMENT OF REVENUE

Division:

Corporate, Estate and Intangible Tax

Overview

RULE:

12CER23-9

Credit for Manufacturing of Human Breast Milk Derived Human Milk Fortifiers

SPECIFIC REASONS FOR FINDING AN IMMEDIATE DANGER TO THE PUBLIC HEALTH, SAFETY OR WELFARE:

Section 49 of Chapter 2023-157, L.O.F., authorizes the Department of Revenue to promulgate emergency rules to implement the provisions of the provisions of the Credit for Manufacturing of Human Breast Milk Derived Human Milk Fortifiers, which provides that a taxpayer may receive a credit against corporate income tax equal to 50 percent of the cost of manufacturing equipment purchased for use in the production of human breast milk derived human milk fortifiers in Florida.

REASON FOR CONCLUDING THAT THE PROCEDURE IS FAIR UNDER THE CIRCUMSTANCES:

The Legislature expressly authorized the promulgation of emergency rules to administer the provisions related to the Credit for Manufacturing of Human Breast Milk Derived Human Milk Fortifiers created by s. 33 of Ch. 2023-157, L.O.F. Additionally, this emergency rule is the most expedient and appropriate means of notifying taxpayers of the provisions.

SUMMARY:

Emergency Rule 12CER23-9 (Credit for Manufacturing of Human Breast Milk Derived Human Milk Fortifiers) provides the requirements applicable to the Credit for Manufacturing of Human Breast Milk Derived Human Milk Fortifiers created by s. 33, Ch. 2023-157, L.O.F., including the qualification requirements and the application process for submitting a request for a credit, and when the credits can be taken against the tax imposed by Ch. 220, F.S.

THE PERSON TO BE CONTACTED REGARDING THE EMERGENCY RULE IS:

Brinton Hevey, Technical Assistance and Dispute Resolution, telephone (850) 717-7754, email RuleComments@floridarevenue.com.

PRINT PUBLISH DATE:

6/30/2023 Vol. 49/127

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=12CER23-9&PDate=6/30/2023&Section=4

REFERENCE MATERIALS:

No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.