SALT attorney Mark Holcomb provides commentary for the article “Business Tax Cut Likely to Trigger in 2019, Florida Governor Says.” The article appears in a February 2019 edition of Bloomberg Law News. Holcomb explains aspects of Florida’s response to how the 2017 Tax Cuts and Jobs Act affected the state’s corporate taxpayers. Florida Tax Cut […]
SALT attorney Mark Holcomb provides commentary for the article “Business Tax Cut Likely to Trigger in 2019, Florida Governor Says.” The article appears in a February 2019 edition of Bloomberg Law News. Holcomb explains aspects of Florida’s response to how the 2017 Tax Cuts and Jobs Act affected the state’s corporate taxpayers. Florida Tax Cut […]
Tallahassee, Fla. — Mark E. Holcomb, a shareholder in Dean Mead’s State and Local Taxation Practice Group in Tallahassee, has been elected a Fellow of the American College of Tax Counsel (ACTC). Holcomb was one of 12 new Fellows elected into the College’s ranks at the organization’s Annual Meeting in January. Fellows of the College […]
Florida provides a generous property tax benefit to its residents – the homestead tax exemption. There are two significant benefits provided by this exemption: an annual reduction in ad valorem property taxes assessed on the homestead residence; and a cap on the value of the homestead residence. The latter is known as the Save Our […]
Key Legislative Issues on the Forefront in 2019 – Part II Election Reform After Florida’s 2018 general election became the subject of national news, state leaders appear poised to address voting laws this session. Under Florida election law, if one candidate has a margin of victory of less than 0.5 percent over the second-place finisher, […]
On January 18, 2019, the IRS issued Final Regulations under new Section 199A (“Final Regulations”), which generally provides a deduction equal to 20% of an owner’s allocable share of the “qualified business income” (QBI) from a pass-through entity (S corporation, partnership, LLC taxed as a partnership or S corporation), or from a sole proprietorship. The […]
Dean Mead SALT attorney French Brown recently authored the i4 Business article “Florida Tax Exemptions Are Available for Solar Farms.” The article highlights cost-saving opportunities for solar energy projects, which are available for developers across the state. Currently, Florida law provides significant state and local tax exemptions to solar farmers. In his article, Brown explains […]
Balancing Florida’s Budget Florida’s Constitution mandates the Legislature pass a single bill each year – a balanced state budget. The biggest constraint our legislators face when crafting a budget each spring is the amount of revenue forecasted to be available at the end of the current fiscal year and through the next fiscal year. In […]
The firm is pleased to provide support to the first Florida Opportunity Zones Conference. Steve Looney, Dean Mead tax attorney and chair of the firm’s Tax and Corporate Department, is also presenting at an event seminar, “Understanding Rules & Regulations for Opportunity Funds.” He recently wrote about the topic in the informative article “Qualified Opportunity Zones […]
