FL - Solid mineral tax rates for 2024 announced
Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2024. From […]
Read MoreVoters rejected two constitutional amendments referred by the Florida Legislature to the 2022 ballot for property tax purposes. Amendments in Florida require a 60% supermajority vote of approval to pass.
Limitation on the Assessment of Real Property Used for Residential Purposes
Amendment 1 proposed an amendment to the State Constitution. Had it been approved by voters, Amendment 1:
would have authorized the legislature to prohibit the consideration of any change or improvement made to real property used for residential purposes to improve the property’s resistance to flood damage in determining the assessed value of such property for ad valorem taxation purposes; and
would have been effective January 1, 2023.
Additional Homestead Property Tax Exemption for Specified Critical Public Services Workforce
Amendment 3 also proposed a constitutional amendment to the State Constitution. Had it been approved by voters, Amendment 3:
would have authorized the legislature to grant an additional homestead property tax exemption for non-school levies of up to $50,000 of the assessed value of homestead property owned by classroom teachers, law enforcement officers, correctional officers, firefighters, emergency medical technicians, paramedics, child welfare services professionals, active duty members of the United States Armed Forces, and Florida National Guard members; and
would have been effective January 1, 2023.
Constitutional Amendments, Florida Department of State, Division of Elections, November 2022; Proposed Constitutional Amendments for the General Election, Florida Department of State, Florida Division of Elections, November 2022
Florida has released the severance tax rates on the production of heavy minerals and other solid minerals for 2024. From […]
Read MoreThe IRS has provided a waiver for any individual who failed to meet the foreign earned income or deduction eligibility requirements of Code Sec. 911(d)(1) because adverse conditions in a foreign country […]
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Read MoreThe Florida Senate approved a tax bill that changes the corporate income tax IRC conformity tie-in date. H.B. 7073, as […]
Read MoreFlorida House of Representatives passed a bill with a provision that modifies the IRC conformity tie-in date for determining corporate […]
Read MoreThe Financial Crimes Enforcement Network (FinCEN) issued guidance on inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990 (the Act), as amended. This rule […]
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