Tax Refunds And Rate Reductions Ahead For Florida Companies

Dean Mead SALT attorney, French Brown, authored a guest column that was published in Law360 Tax Authority on May 15, 2019. The passage of the 2017 Tax Cuts and Jobs Act caught Florida flat-footed. The 2018 regular legislative session started just two weeks after the TCJA’s passage and concluded 62 days later. During that time, many of the state’s policymakers were unable to contemplate how the TCJA’s changes would flow down to Florida’s corporate taxpayers. However, some had the foresight to put in protections to minimize any substantial tax increase in this fiscally conservative state. These 2018 protections and 2019 changes are forecast to result in hundreds of millions of dollars in refunds and rate reductions to corporations.  Read the full article here: Tax Refunds And Rate Reductions Ahead For Florida Cos_