fl-31429763: 12C-1.051 — The purpose of the proposed amendments to Rule 12C-1.051, F.A.C. (Forms), is to update the annual forms; to adopt, by reference,...

31429763, 12C-1.051 - Florida Administrative Rules, Law, Code, Register - FAC, FAR, eRulemaking Home About Us Contact Us Help Florida Department of State and Division of Library and Information Services Home Advanced Search MyFLRules Rules Open for Comments Notice: 31429763 Notice of Proposed Rule Department: DEPARTMENT OF REVENUE Division: Corporate, Estate and Intangible Tax Chapter: CORPORATE INCOME TAX Overview RULE: 12C-1.051   Forms PURPOSE: The purpose of the proposed amendments to Rule 12C-1.051, F.A.C. (Forms), is to update the annual forms; to adopt, by reference, revisions to forms F-1120, Florida Corporate Income/Franchise Tax Return, F-1120A, Florida Corporate Short Form Income Tax Return, F-1120N, Instructions for Corporate Income/Franchise Tax Return for taxable years beginning on or after January 1, 2026, and F-2220, Underpayment of Estimated Tax on Florida Corporate Income/Franchise Tax, as amended or created by Chapter 2026-137, L.O.F., regarding amendments to ss. 220.03(1)(n) and (2)(c), F.S., updates the effective date of the Internal Revenue Code (I.R.C.) from January 1, 2025, to January 1, 2026, and removes the provisions rendered obsolete; creates s. 220.03(1)(n)2., F.S., to provide that amendments to sections 168(k), 174(a), 163(j), 274, and 179 of the I.R.C. of 1986, as amended by Pub. L, No. 119-21 (One Big Beautiful Bill Act (OBBBA)), are included in the definition of “Internal Revenue Code,” as amended and in effect by January 1, 2025; creates 220.03(1)(n)3., F.S., to provide that the amendments to sections 168(n) and 174A of the I.R.C. of 1986, as amended in OBBBA, are not included in the definition; amends s. 220.13(2), F.S., to exclude proposed provisions of ss. 220.13(1)(n) and (2)(c), F.S., as created in section 23 of the bill for purposes of determining a taxpayer’s taxable income; and provides that the amendments made to ss. 220.03 and 220.13, F.S., by the bill operate retroactively to January 1, 2026.

Summary

Draft amendment to four forms as amended by Chapter 2026-137, L.O.F., and to update these annual forms. RULEMAKING AUTHORITY: 213.06(1), 220.183(4)(d), 220.1915(7), 220.196(4), 220.198(6), 220.1991(3), 220.51, 402.261(7)(a), 1002.395(12)(b) FS. LAW: 119.071(5), 212.08(5)(p), 213.37, 220.03, 220.11, 220.12, 220.13(1), (2), 220.15, 220.16, 220.183, 220.184, 220.1845, 220.185, 220.186, 220.1875, 220.1876, 220.1877, 220.1878, 220.1895, 220.191, 220.1915, 220.196, 220.198, 220.199, 220.1991, 220.1992, 220.21, 220.211, 220.22, 220.221, 220.222, 220.23, 220.24, 220.241, 220.31, 220.32, 220.33, 220.34, 220.41, 220.42, 220.43, 220.51, 220.721, 220.723, 220.725, 220.737, 220.801, 220.803, 220.805, 220.807, 220.809, 402.261, 1002.395 FS. PRINT PUBLISH DATE: 9/30/2026   Vol. 52/190

Comments

From 9/30/2026 To 10/21/2026 (21 Days) Send a one-time comment to the Agency. Communicate with the Agency with saved comments and agency replies. Comments submitted through FLRules.org shall be 8000 characters or less. Comments that exceed the character limit should be submitted directly to the agency pursuant the instructions in the Notice of Proposed Rule. The submitter is responsible for ensuring that the agency has received the comment. REFERENCE MATERIALS: Ref-17794 F-2220 - Underpayment of Estimated Tax on Florida Corporate Income/Franchise Tax Ref-18772 F-1120: Florida Corporate Income/Franchise Tax Return Ref-18773 F-1120N: Instructions for Corporate Income/Franchise Tax Return for taxable years beginning on or after January 1, 2025 Ref-20137 F-1120A: Florida Corporate Short Form Income Tax Return Ref-20138 F-1120: Florida Corporate Income/Franchise Tax Return Ref-20139 F1120N: Instructions for – Corporate Income/Franchise Tax Return for taxable years beginning on or after January 1, 2026 Ref-20140 F-2220: Underpayment of Estimated Tax on Florida Corporate Income/Franchise Tax Home Advanced Search MyFLRules Rules Open for Comments About Us Contact Us Help  Privacy Policies Accessibility Statement Copyright @ 2010 State of Florida Department of State Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.