Apple Challenges Florida Income Tax Assessment
NEWS & INSIGHTS Apple Challenges Florida Income Tax Assessment Overview Apple Inc. has filed a lawsuit against the Florida Department of Revenue (DOR) contesting an assessment of corporate income taxes totaling over $26 million for tax years 2020 through 2022. The core issue revolves around how Apple’s revenue from digital services and licensing is apportioned […]
Sourcing Services: How Does Florida’s COP Chaos Compare to Other States?
NEWS & INSIGHTS Sourcing Services in Florida: How Does Florida Compare to Other States? The Cost-of-Performance Rule The taxation of service revenue has long been a complex issue for states imposing corporate income tax. Traditionally, states followed the cost-of-performance (COP) rule, which sources revenue from services based on where the greatest proportion of the income-producing […]
Florida Corporate Income Tax Case Filed in Leon County Challenges Florida’s Position on its Cost of Performance Rule
NEWS & INSIGHTS Corporate Income Tax Case Filed in Leon County Challenges Florida’s Position On Cost of Performance Rule OptumRx, Inc. (“OptumRx”), a California-based corporation domiciled in Minnesota and duly authorized to conduct business in Florida, has filed a Complaint against the Florida Department of Revenue (“Department”) challenging a corporate income tax assessment. Filed in […]
Florida’s Capital Investment Tax Credit
NEWS & INSIGHTS Florida Capital Investment Tax Credit (CITC) Florida Technical Assistance Advisement 24C1-003: Florida’s Capital Investment Tax Credit In November 2024, the Florida Department of Revenue (DOR) issued Technical Assistance Advisement (TAA) 24C1-003. This advisement provides critical guidance for calculating income generated by a qualified capital investment project under Florida’s Capital Investment Tax Credit […]
Motor Vehicle Sales Tax Rates by State – 2024
NEWS & INSIGHTS Motor Vehicle Sales Tax Rates by State – 2024 Motor vehicle dealers – are you ready for your 2025 sales tax audit from the Florida Department of Revenue? Auto dealers are some of the most heavily targeted businesses in the state for sales and use tax audits. The Department of Revenue will […]
Florida Department of Revenue Files Response in JetBlue Challenge to Corporate Income Tax Apportionment Law for Airlines
NEWS & INSIGHTS Florida Department of Revenue files Response in JetBlue Challenge to Corporate Income Tax Apportionment Law for Airlines Last month, JetBlue filed a Motion for Summary Judgment relating to Court IV and V of its Complaint. Count IV and V are the internal and external consistency tests of fair apportionment under the commerce […]
JetBlue Files Motion for Summary Judgement in Challenge to Corporate Income Tax Apportionment Law for Airlines
NEWS & INSIGHTS JetBlue Files Motion for Summary Judgement in Challenge to Corporate Income Tax Apportionment Law for Airlines Last month, the Florida Department of Revenue filed a Motion to Dismiss JetBlue’s constitutional challenges to the “Florida Box” used to calculate revenue miles for Florida’s corporate income tax apportionment formula for airlines. While it is […]
Florida Amendment 5: Annual Inflation Adjustment for Homestead Property Tax Exemption Value
NEWS & INSIGHTS Florida Amendment 5: Annual Inflation Adjustment for Homestead Property Tax Exemption Value By November 5, 2024, Florida voters will decide whether Florida’s Homestead Property Tax Exemption must be adjusted annually to account for inflation. Since the pandemic, many Floridians have seen their house value double. With the associated increase in tax combined […]
