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Taxes

Important 2009 General Tax Legislative Changes

The Department of Revenue has issued Taxpayer Information Publications (TIPs) for the following General Tax legislative changes.

  • Beginning September 1, 2009, the Department will start collecting a fee on any outstanding debt older than 90 days. See TIP #09ADM-02 [PDF].
  • The exemptions in Sections 212.04(2)(a)2.b., 212.031(1)(a)12. and 212.031(10), F.S., affecting Convention Halls, Exhibition Halls, Auditoriums, Stadiums, Theaters, Arenas, Civic Centers, Performing Arts Centers, or Publicly-Owned Recreational Facilities, will expire on July 1, 2009. See TIP #09A01-03.
  • New law provides clarification on when transactions involving timeshares exchanges are taxable or not taxable. See TIP #09A01-04.
  • A nonresident purchaser of a boat can purchase an extension decal for $425 to allow the boat to remain in Florida for up to a total of 180 days. See TIP #09A01-05 [PDF].
  • The credit for contributions to nonprofit scholarship funding organizations has been expanded to allow credits against corporate income tax or insurance premium tax. See TIP #09C01-02.
  • Persons who sever oil by a tertiary method are subject to a new tax rate beginning July 1, 2009. See TIP #09B07-03.
  • An increase in the portion of an individual’s wages subject to unemployment from the first $7,000 to the first $8,500 for the period of January 1, 2010 to December 31, 2014. See TIP #0960BB-01 issued 7/1/09.

Note: The 2009 Post Legislative Review will be available soon that will provide a complete summary of all legislative changes for 2009.