25040470, 12ER21-17 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 25040470

Notice of Emergency Rule

Department:

DEPARTMENT OF REVENUE

Overview

RULE:

12ER21-17

Strong Families Tax Credit; Participation; Allocation; Carryforward; Transfer; Rescindment.

SPECIFIC REASONS FOR FINDING AN IMMEDIATE DANGER TO THE PUBLIC HEALTH, SAFETY OR WELFARE:

Section 51 of Chapter 2021-31, Laws of Florida, authorizes the Department of Revenue to promulgate emergency rules to implement the provisions of the Strong Families Tax Credit program, which provides that a taxpayer may receive a credit against certain taxes for making an eligible contribution to an eligible charitable organization designated by the Department of Children and Families. The promulgation of this emergency rule ensures that the public is notified in the most expedient and appropriate manner regarding the requirements for earning a tax credit allocation, as well as the means by which a tax credit or tax credit allocation may be carried forward, transferred, or rescinded.

REASON FOR CONCLUDING THAT THE PROCEDURE IS FAIR UNDER THE CIRCUMSTANCES:

The Legislature expressly authorized the promulgation of emergency rules to administer the provisions related to the Strong Families Tax Credit created by Chapter 2021-31, Laws of Florida. Additionally, emergency rules are the most expedient and appropriate means of notifying taxpayers of the provisions of Sections 211.0253, 212.1834, 220.1877, 402.62, 561.1213, and 624.51057, F.S. (Sections 16, 24, 33, 38, 40, and 42 of Chapter 2021-31, L.O.F., respectively).

SUMMARY:

The rule describes the taxpayers eligible to participate in the program, the application process to receive an allocation of credit, the notifications issued by the Department of Revenue related to the program, how the credit may be taken against certain taxes, how a credit may be carried forward or transferred, and how a credit allocation may be rescinded.

THE PERSON TO BE CONTACTED REGARDING THE EMERGENCY RULE IS:

Danielle Boudreaux, Technical Assistance and Dispute Resolution, telephone 850-717-7082, email RuleComments@floridarevenue.com.

PRINT PUBLISH DATE:

9/21/2021 Vol. 47/183

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=12ER21-17&PDate=9/21/2021&Section=4

REFERENCE MATERIALS:

No reference(s).

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