Skip menu navigation
Home » Taxes » Tax Information Publications


TIP #02ADM-02
DATE ISSUED: July 29, 2002

This TIP has been replaced by TIP 05ADM-01, issued May 6, 2005, to reflect an increase in the Florida Single Audit Act audit threshold amount from $300,000 to $500,000, per revisions to Chapters 10.550 and 10.650, Rules of the Auditor General.

Notification to Organizations Receiving Certain Tax Credits, Refunds, and Distributions

The selected tax credits, refunds and distributions listed below that taxpayers may receive from the Florida Department of Revenue General Tax Administration Program have been determined to be State Financial Assistance. This State Financial Assistance is subject to the auditing and reporting requirements of the Florida Single Audit Act per Section 215.97, Florida Statutes, including applicable rules of the Executive Office of the Governor (Chapter 27D-1, FAC), the Comptroller (Chapter 3A-5, FAC) and Chapter 10.550 (local governmental entities) and/or Chapter 10.650 (nonprofit and for-profit organizations), Rules of the Auditor General.

State Project Title Florida Statutes Catalog of State Financial Assistance # (See CSFA Website)
AVIATION TAX    
Ultimate Vendor Credit or Refund for Air Carrier increase in Workforce 206.9825(1)(b) 73.005
SALES TAX    
Machinery and equipment used to increase productive output 212.08(5)(b) 73.007
SUT Exemption for Machinery and Equipment Used In Production of Electricity or Steam Energy (Partial Exemption Refund) 212.08(5)(c) 73.008
Machinery and equipment used under federal procurement contract 212.08(5)(d) 73.009
Building materials used in rehabilitation of enterprise zones 212.08(5)(g) 73.010
Business property used in an enterprise zone 212.08(5)(h) 73.011
Building materials for construction of single-family homes 212.08(5)(n) 73.013
Building materials in redevelopment projects 212.08(5)(o) 73.012
Equipment used to deploy broadband technologies 212.08(5)(p) 73.014
Enterprise Zone Jobs Credit 212.096 73.015
Facility for a new professional sports franchise or a facility for a retained professional sports franchise 212.20 & 288.1162 73.016
Professional golf hall of fame 212.20 & 288.1168 73.017
International Game Fish Association World Center facility 212.20 & 288.1169 73.018
STATE REVENUE LAWS; GENERAL PROVISIONS    
Declared Emergency; Waiver Suspension of Specified Revenue Laws 213.055 73.001
CORPORATE INCOME TAX    
Enterprise zone jobs credit 220.181 73.019
Enterprise zone property tax credit 220.182 73.020
Child-Care Tax Credits 220.19 73.021
INSURANCE PREMIUM TAX    
Child-Care Tax Credits 624.5107 73.022

Taxpayers receiving State Financial Assistance in the form of tax credits, tax refunds or direct distributions as listed above, must comply with audit, report submission, and record retention requirements for receiving state financial assistance under the Florida Single Audit Act. The Florida Single Audit Act is applicable to any nonstate entity fiscal year beginning on or after July 1, 2000, and is codified in Section 215.97, Florida Statutes.

In the event that the recipient (taxpayer) receives a total amount of state financial assistance equal to or in excess of $300,000 in any fiscal year of such recipient, the recipient must have a State single or project-specific audit for such fiscal year in accordance with Section 215.97, Florida Statutes.

If the recipient receives less than $300,000 in state financial assistance in its fiscal year, an audit conducted in accordance with the provisions of Section 215.97, Florida Statutes, is not required. In the event that the recipient receives less than $300,000 in state financial assistance in its fiscal year and elects to have an audit conducted in accordance with the provisions of Section 215.97, Florida Statutes, the cost of the audit must be paid from the nonstate entity's resources (i.e., the cost of such an audit must be paid from the recipient's resources obtained from other than State entities).

The following web sites provide further information to assist recipients and their independent auditor's compliance with the Florida Single Audit Act:

  1. Florida Single Audit Act Website:
    https://apps.fldfs.com/fsaa/

  2. Catalog of State Financial Assistance Website
    https://apps.fldfs.com/fsaa/catalog.aspx

  3. Auditor General Florida Single Audit Act Rules
    http://www.state.fl.us/audgen/pages/rules.htm

Copies of financial reporting packages shall be submitted by or on behalf of the recipient directly to each of the following:

The Department of Revenue at the following address:

Robert C. Livingston, CPA
Florida Department of Revenue
General Tax Administration Program
5050 West Tennessee Street - Building D-5
Tallahassee, Florida 32399-0100

The Auditor General's Office at the following address:

Auditor General's Office
Room 401, Pepper Building
111 West Madison Street
Tallahassee, Florida 32399-1450

Financial reporting packages submitted to the Department of Revenue for audits performed in accordance with Chapters 10.550 (local governmental entities) or 10.650 (nonprofit and for-profit organizations), Rules of the Auditor General, should indicate the date that the reporting package was delivered to the recipient in correspondence accompanying the reporting package.

If you have any questions, please contact:

Robert C. Livingston, CPA
Florida Department of Revenue
General Tax Administration Program
5050 West Tennessee Street
Building D-5
Tallahassee, Florida 32399-0100
livingsb@dor.state.fl.us

References: Section 215.97, Florida Statutes; Chapters 27D-1 and 3A-5, Florida Administrative Code; Chapters 10.550 and 10.650, Rules of the Auditor General



FOR MORE INFORMATION

This document is intended to alert you to the requirements contained in Florida laws and administrative rules. It does not by its own effect create rights or require compliance.

For forms and other information, visit our site at www.myflorida.com/dor. Or call Taxpayer Services, Monday through Friday, 8:00 a.m., to 7:00 p.m., ET, at 800-352-3671 (for Florida residents only), or 850-488-6800

Hearing- or speech-impaired persons should call our TDD at 1-800-367-8331 or 850-922-1115.

For a detailed written response to your questions, write the Florida Department of Revenue, Taxpayer Services, 1379 Blountstown Highway, Tallahassee, FL 32304-2716.

To receive a fax copy of a form, call 850-922-3676 from your fax machine telephone.