Show Original

Archive for the ‘Florida Department of Revenue’ Category

Florida Legislature Passes Significant Sales Tax Legislation

Dean Mead Attorney French Brown
Dean Mead Attorney Mark Holcomb
Published: April 12th, 2021

By: H. French Brown, IV Mark E. Holcomb

The Florida Legislature passed the most significant Florida tax legislation in recent memory on April 8, 2021. The bill will substantially benefit Florida businesses and taxpayers. As we previously reported, Senate Bill 50 will modernize Florida’s sales and use tax system to impose tax collection obligations on remote sellers and marketplace providers. In addition, anticipated […]

Florida Economists Add More Than $2 Billion in Estimated General Revenue Over Two Years

Dean Mead Attorney French Brown
Published: December 22nd, 2020

By: H. French Brown, IV

Yesterday, December 21, the Florida Revenue Estimating Conference finalized an updated General Revenue Forecast. This latest forecast added $1.4 billion in anticipated general revenue to the forecast for the current state fiscal year (July 1, 2020 – June 30, 2021) and another $626 million to the forecast for the next state fiscal year (July 1, […]

COVID-19 Impacts on Florida May Tax Revenues

Dean Mead Attorney French Brown
Published: June 26th, 2020

By: H. French Brown, IV

Florida’s general revenue fund is the main source of discretionary funding for the State. This January, the State’s economists estimated that the State would receive $36.2B in general revenue during the State’s fiscal year: July 1, 2019 – June 30, 2020. Of that amount, approximately $12.5B (34.5%) was expected to be received in March through […]

Initial Details Released on COVID-19 Impacts to Florida Tax Revenues

Dean Mead Attorney French Brown
Published: May 27th, 2020

By: H. French Brown, IV

Florida’s general revenue fund is the main source of discretionary funding for the State.  This January, the State’s economists estimated that the State would receive $36.2B in general revenue during the State’s fiscal year July 1, 2019 – June 30, 2020. Of that amount, approximately $12.5B (34.5%) was expected to be received in March through […]

Florida Department of Revenue Emergency Order Providing Limited Relief to Corporate Income Taxpayers: April 27, 2020

Dean Mead Attorney French Brown
Published: April 28th, 2020

By: H. French Brown, IV

On March 26, 2020, the Florida Department of Revenue issued Emergency Orders delaying sales tax and property tax payments for some businesses. On April 6, 2020, Governor DeSantis directed the Department of Revenue to issue an Emergency Order suspending the state’s documentary stamp tax on notes and written obligations made pursuant to Title I of […]

Florida Department of Revenue Emergency Order Suspending Documentary Stamp Tax on CARES Act Loans: April 6, 2020

Dean Mead Attorney French Brown
Published: April 6th, 2020

By: H. French Brown, IV

On March 26, the Florida Department of Revenue issued Emergency Orders delaying sales tax and property tax payments.  Today, Governor DeSantis directed the Department of Revenue to issue a new Emergency Order suspending the state’s documentary stamp tax on notes and written obligations made pursuant to Title I of the CARES Act.  The Governor’s action […]

The Florida Department of Revenue Seeks Legislation to Use Businesses’ Credit Card Data Against Them

Dean Mead Attorney French Brown
Published: February 12th, 2020

By: Angela C. Bonds H. French Brown, IV

The Florida Department of Revenue is actively pursuing legislation to mandate payment settlement companies, such as banks and credit card companies, to annually report credit card and third-party sales transactions for all Florida businesses. The Department will then use this data to analyze any business’s tax collection, and to audit or levy assessments if the […]

Dean Mead Attorneys Featured on Small Biz Florida Podcast

Dean Mead Attorney French Brown
Published: February 7th, 2020

By: H. French Brown, IV Michael D. Minton

Tune in to the most recent segment of Small Biz Florida which features shareholders Michael Minton and French Brown on Episode 3. The attorneys paired up to discuss why a small business needs to engage and build a relationship with a qualified business attorney, the importance of understanding and dealing with tax issues upfront instead […]