Purpose


The purpose of the proposed amendments to Rule 12C-1.013, F.A.C., is to incorporate statutory changes made to Florida Corporate Income Tax by Chapter 2018-119, L.O.F., and to address the effect that the repeal of the federal corporate Alternative Minimum Tax made by the Tax Cuts and Jobs Act, Public Law 115-97, will have on Florida Alternative Minimum Tax. The purpose of the proposed amendments to Rule 12C-1.0155, F.A.C., is to update an outdated statutory reference. The purpose of the proposed amendments to Rule 12C-1.0191, F.A.C., is to clarify how a carryover arising from the capital investment tax credit should be computed. The purpose of the proposed amendments to Rule 12C-1.034, F.A.C., is to incorporate statutory changes made to estimated corporate income tax by Sections 6 and 7, Chapter 2018-6, L.O.F. The purpose of the proposed amendments to Rule 12C-1.051, F.A.C., is to incorporate statutory changes into six forms used to administer Florida Corporate Income Tax.