Section 1, Chapter 2011-223, L.O.F., allows certain unused capital investment tax credits to be carried forward through the 30th tax year after commencement of operations. The purpose of the proposed amendments to Rule 12C-1.0191, F.A.C. (Capital Investment Tax Credit Program), is to add this provision to the rule. Section 7, Chapter 2012-117, L.O.F., effective July 1, 2012, requires an application to be filed with the Department of Agriculture and Consumer Services for an allocation of an annual tax credit against corporate income tax based on the taxpayer’s production and sale of electricity from a Florida renewable energy facility. The purpose of the proposed amendments to Rule 12C-1.0193, F.A.C. (Florida Renewable Energy Production Credit), and to Rule 12C-1.051, F.A.C. (Forms), is to update the Department’s rules and form to include the provisions of Section 7, Chapter 2012-117, L.O.F., and to remove the obsolete application for the tax credit previously submitted to the Department of Revenue. The purpose of the proposed amendments to Rule 12C-1.0221, FA.C. (Returns, Notices, and Elections; Signing and Verification), is to adopt, by reference, updates to Treasury Department Circular Number 230. The purpose of the proposed amendments to Rule 12C-1.051, F.A.C. (Forms), is to: (1) adopt, by reference: (1) annual changes to update Florida corporate income tax returns to reflect law changes; (2) updates to the application used to notify the Department of a transfer of a tax credit to another taxpayer; and (3) to remove an application for the Florida renewable energy tax credit that will be administered by the Florida Department of Agriculture and Consumer Services beginning July 1, 2012.