FL - Guidance issued on affidavit required to claim exemption for boats sold to nonresident purchasers
Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]
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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
Guidance is issued regarding changes that have been made to the affidavit required to claim the sales tax exemption for […]
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The Florida Department of Revenue is offering corporate income tax return filing extensions for businesses in counties affected by severe […]
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Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
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Florida issued guidance that discusses the new corporate income tax credit for employing individuals with unique abilities. The guidance includes […]
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The IRS has released the inflation adjustment factor for the credit for carbn dioxide (CO2) sequestration under Code Sec. 45Q for 2024. The inflation adjustment factor is 1.3877, and the credit is $27.75 per metric ton […]
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The IRS has announced plans to deny tens of thousands of high-risk Employee Retention Credit (ERC) claims while beginning to process lower-risk claims. The agency’s review has […]
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The IRS has issued a warning about the increasing threat of impersonation scams targeting seniors. These scams involve fraudsters posing as government officials, including IRS agents, […]
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The IRS released the inflation adjustment factors and the resulting applicable amounts for the clean hydrogen production credit for 2023 and 2024. For 2023, the inflation adjustment factor is one, so the inflation adjusted applicable amounts are the same as those in Code Sec. 45V(b). Thus, the applicable amounts for a […]
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