Florida Governor indicators company tax invoice to move Inner Income Code

June 30, 2021, 5:00 a.m.

The governor of Florida signed a bill to approve the Internal Revenue Code (IRC) for corporate tax purposes on June 29th. The Act includes measures: 1) updating the definition of IRC to mean the IRC effective January 1st; 2) Indication that terms used in Florida corporate tax law have the same meaning as terms used in IRC or federal law effective January 1; 3) Review of the adjustments to be made by the taxpayer to the adjusted federal income for certain tax advantages and the calculation of the taxable income according to the Federal Tax Act; 4) Provision of emergency rules …

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