FL - Guidance issued on catastrophic event property damage
Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]
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The 2023 Florida motor fuel, diesel fuel, and aviation fuel tax rates are announced. Annual adjustments to the state fuel tax rates and the State Comprehensive Enhanced Transportation System (SCETS) tax rate based on the National Consumer Price Index are statutorily required.
2023 Motor Fuel Tax Rate
The 2023 motor fuel tax rate is increased from 19 cents to 20.2 cents per gallon. In addition:
the ninth-cent and local option rates vary by county;
the SCETS rate is increased from 8.3 cents to 8.6 cents per gallon; and
the inspection fee on motor fuel remains 0.125 cents per gallon.
2023 Diesel Fuel Tax Rate
The 2023 diesel fuel tax rate is increased from 19 cents to 20.2 cents per gallon. In addition:
the county tax rate (ninth-cent, SCETS, and local option tax rates) on diesel fuel is increased from 15.3 cents to 15.9 cents per gallon statewide; and
the total state and county rates on diesel fuel are increased from 34.3 cents to 36.1 cents per gallon statewide.
2023 Aviation Fuel Tax Rate
The 2023 aviation fuel tax rate remains the same at 4.27 cents per gallon. Tax Information Publication, No. 22B05-06, Florida Department of Revenue, November 17, 2022
Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]
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In response to Hurricane Idalia, eligible taxpayers that file Florida corporate income tax returns with original due dates or extended […]
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As part of ensuring high income taxpayers pay what they owe, the IRS warned businesses and tax professionals to be alert to […]
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The 2023 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS. In the […]
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The IRS has reminded taxpayers about the IRS Identity Protection PIN opt in program to help protect people against tax-related identity theft. “The Identity Protection (IP) PIN is […]
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The IRS has reminded eligible contractors who build or substantially reconstruct qualified new energy efficient homes that they might qualify for a tax credit […]
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The IRS has reminded eligible educators that they will be able to deduct out of pocket classroom expenses upto $300 while filing their federal income tax returns next year. […]
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Guidance is provided regarding the Florida sales tax holiday on tools commonly used by skilled trade workers, which is held […]
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