Purpose


The purpose of the proposed amendments to Rule 12C-1.051, F.A.C. (Public Use Forms), is to incorporate, by reference, updates to Florida corporate income/franchise tax returns and instructions to reflect law changes allowing for reporting tax credits under the Live Local Program (ss. 21 and 41, Ch. 2023-17, L.O.F.), the Qualified Railroad Reconstruction or Replacement Expenditures (s. 32, Ch. 2022-97, L.O.F.), and for equipment used in Manufacturing of Human Breast Milk Derived Human Milk (s. 33, Ch. 2023-157, L.O.F.), and to reflect renaming the Experimental Learning Tax Credit Program (s. 4, Ch. 2023-81, L.O.F.). The proposed changes to instructions for preparing the Florida Partnership Information Return add information for filing the return electronically. The proposed changes to the form used to notify the Department of intent to transfer certain Florida corporate tax income tax credits removes reference to the obsolete Florida Renewable Energy Production Credit.