FloridaFlorida tax calculations use a 2026 federal code with exceptions
Florida corporate income tax calculations use a federal tax code dated January 1, 2026, with several named exceptions.
What it does
Florida corporate income tax calculations use the federal tax code dated January 1, 2026. Five sections keep their 2025 versions, and two others are left out.
The Department of Revenue must adopt rules to carry out the law and may use emergency rules while it works on permanent rules.
Argument forUsing the 2026 federal tax code for many calculations could help Florida taxpayers follow rules that match the federal code more closely.
Argument againstTaxpayers may need separate calculations for certain federal tax sections because those sections keep their 2025 versions or are left out.
More detail
Florida corporate income tax calculations use the federal tax code dated January 1, 2026, with listed exceptions. This applies to Florida corporate income tax calculations and the related meaning of federal tax terms. Sections 168(k), 174(a), 163(j), 274, and 179 use the federal code dated January 1, 2025. Sections 168(n) and 174A are not included. These provisions apply retroactively to January 1, 2026.
The Department of Revenue must adopt rules to carry out the law and may adopt emergency rules. The rules cover the changes to Florida's corporate income tax law. Emergency rules last six months after adoption and may be renewed while the department works on permanent rules. The act took effect when it became law.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 12Chapter No. 2026-137Latest
- Jun 11Approved by Governor Ron DeSantisBecame Law
- Jun 9Signed by Officers and presented to GovernorTo Governor
- Mar 12Ordered engrossed, then enrolledMinor
- Vote recorded Passage. Result: pass.Lower
- Mar 12Passed as amended; YEAS 109, NAYS 0Major
- Mar 12Amendment 611560 Concur
- Mar 12Added to Senate Message List
- Mar 6In Messages
- Vote recorded Third Reading. Result: pass.Upper
- Mar 6Passed as amended; YEAS 34 NAYS 0Passed Senate
- Mar 6Read 3rd timeMinor
- Mar 6Amendment(s) adopted (611560)
- Mar 6Read 2nd timeMinor
- Mar 6Substituted for CS/SB 7048
- Mar 6Placed on Calendar, on 2nd reading
- Mar 6Withdrawn from RulesMajor
- Mar 5ReceivedMinor
- Vote recorded Passage, Third Reading. Result: pass.Lower
- Mar 5Referred to RulesMinor
- Mar 5In Messages
- Mar 5Passed; YEAS 105, NAYS 2Passed House
- Mar 5Read 3rd timeMinor
- Mar 5Added to Third Reading Calendar
- Mar 5Read 2nd timeMinor
- Mar 2Bill added to Special Order Calendar (3/5/2026)
- Mar 2Added to Second Reading Calendar
- Mar 2Bill referred to House Calendar
- Feb 261st Reading (Original Filed Version)Minor
- Vote recorded Favorable (Ways & Means Committee). Result: pass.Lower
- Feb 26FiledIntroduced
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