27598360, 12ER23-15 - Florida Administrative Rules, Law, Code, Register

Home

Florida Department of State and Division of Library and Information Services

Notice: 27598360

Notice of Emergency Rule

Department:

DEPARTMENT OF REVENUE

Overview

RULE:

12ER23-15

Live Local Program; Participation; Allocation; Carryforward; Transfer; Rescindment

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

Section 43 of Chapter 2023-17, L.O.F., authorizes the Department of Revenue to promulgate emergency rules to implement the provisions of the Live Local Program, which provides that a taxpayer may receive a credit against corporate income tax and insurance premium tax for making an eligible contribution to the Live Local Program under s. 420.50872, F.S.  The promulgation of this emergency rule ensures that the public is notified in the most expedient and appropriate manner regarding the eligibility criteria and application process for qualified businesses to request a Live Local Program tax credit.

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 Live Local Program Tax Credit created by s. 34 of Ch. 2023-17, L.O.F. Additionally, this emergency rule is the most expedient and appropriate means of notifying taxpayers of the provisions.

SUMMARY:

Emergency Rule 12ER23-15 (Live Local Program; Participation; Allocation; Carryforward; Transfer; Rescindment) provides the requirements applicable to the Live Local Program created by s. 34, Ch. 2023-17, L.O.F., including eligibility criteria for qualified businesses to request a tax credit, the application process for submitting the request, and when the Live Local Program tax credits can be taken against the tax imposed by Ch. 220 and 624, 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:

9/27/2023 Vol. 49/188

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=12ER23-15&PDate=9/27/2023&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.