Florida Provides Temporary Corporate Tax Rate Reduction Due to Excess Tax Collections
As a result of net tax collections exceeding forecasted collections by approximately USD 2.4 billion, the U.S. State of Florida will continue a temporary cut in its general corporate income tax rate and franchise tax rate in accordance with statute 220.1105. According to a recent release from the Florida Office of Economic and Demographic Research, the temporary tax rate reduction and refund …
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