Corporate Income Tax

Rule 12C-1.0186, F.A.C.
Rule 12C-1.0187, F.A.C.
Rule 12C-1.0188, F.A.C.
Rule 12C-1.0191, F.A.C.
Rule 12C-1.0192, F.A.C.
Rule 12C-1.0193, F.A.C.
Rule 12C-1.0221, F.A.C. Rule 12C-1.051, F.A.C.
Rule 12C-1.051(12), F.A.C.
Rule 12C-1.051(13), F.A.C.

Rule Number:  12C-1.0187

Rule Title: Credit for Contributions to Nonprofit Scholarship Funding Organizations

Purpose: Chapter 2009-108, L.O.F., expands the Florida Tax Credit Scholarship Program to allow insurers, who make contributions to nonprofit funding organizations, to take a tax credit against the insurance premium tax imposed under section 624.509, F.S.

The purpose of the proposed amendments to Rule 12C-1.0187, F.A.C. (Credits for Contributions to Nonprofit Scholarship Funding Organizations), is to: (1) update the rule to reflect the changes made by Chapter 2009-108, L.O.F.; (2) clarify that contributions to nonprofit scholarship funding organizations are not payments of estimated tax or installment payments required under section 220.241, F.S.; and (3) remove unnecessary provisions regarding the annual list of eligible nonprofit scholarship funding organizations provided by the Department of Education.