Florida Decouples From Federal Bonus Depreciation, R&E Expensing, and Other Business Tax Provisions

NEWS & INSIGHTS Florida Excludes Federal Bonus Depreciation, R&E Expensing, and Other Business Tax Changes From Corporate Income Tax Conformity Florida has enacted legislation preventing automatic conformity to several significant federal business tax provisions enacted in 2025. The new law preserves Florida corporate income tax revenue by requiring taxpayers to disregard certain favorable federal deductions […]