Florida Tax Changes - October 2024

Week Of 10.07.2024

Florida Fuels & Minerals Taxes—Florida provides tax relief for sales of dyed diesel fuel in response to Hurricane Helene.

The Florida Department of Revenue has announced that, in response to Hurricane Helene, the Department is enacting a penalty relief period, for dyed diesel fuel that is sold for use or used on the highway, that is consistent with the penalty relief period announced by the IRS. The IRS relief period began September 26, 2024, and continues through October 15, 2024. Accordingly, the Department is also waiving the penalty for state fuel tax purposes through October 15, 2024. During the penalty relief period, dyed diesel fuel sold or used for on-highway use should be reported and taxed in the same manner as undyed diesel fuel. During the penalty relief period, terminal suppliers and wholesalers/importers of dyed diesel fuel used in highway vehicles are still responsible for remitting fuel taxes of 37.4¢ per gallon and pollutant taxes of 2.071¢ per gallon. (Florida Tax Information Publication No. 24B05-03, 10/04/2024.)

Florida General Administrative Provisions—Florida extends tax deadlines for businesses affected by Hurricane Helene.

The Florida Department of Revenue Executive Director Jim Zingale has issued an order to extend filing due dates for Florida businesses located in specific counties impacted by Hurricane Helene. The impacted counties are: Charlotte, Citrus, Dixie, Franklin, Hernando, Hillsborough, Jefferson, Lafayette, Lee, Levy, Madison, Manatee, Pasco, Pinellas, Sarasota, Taylor, and Wakulla. The order extends the September 2024 and October 2024 reporting periods to November 22, 2024, for several types of taxes. Taxes subject to this extension include: (1) sales and use tax; (2) reemployment tax; (3) communication services tax; (4) documentary stamp tax; (5) governmental leasehold intangible tax; (6) gross receipts tax on utilities; (7) motor fuel tax; (8) insurance premium tax; and (9) severance taxes. Electronic payment requirements are extended to November 21, 2024, and must be initiated no later than 5 p.m. (Order of Emergency Waiver/Deviation No. 24-002 (Sales and Use Tax and Related Taxes), Fla. Dept. of Rev., 10/04/2024.)

Week Of 09.30.2024

Florida Corporate Income Tax—Florida extends tax deadline for businesses affected by Hurricane Helene.

The Florida Department of Revenue has announced that it will follow the corporate income tax return due date extensions granted by the IRS in response to Hurricane Helene. Eligible taxpayers filing corporate income/franchise tax returns with original due dates or extended due dates falling on or after September 23, 2024, and before May 16, 2025, now have until May 16, 2025, to file returns. As a result, affected taxpayers with returns and payments with due dates postponed until February 18, 2025, due to Hurricane Debby now have until May 16, 2025, to file returns. This due date is applicable to all affected businesses, including those within the following counties: Alachua, Bay, Bradford, Calhoun, Charlotte, Citrus, Collier, Columbia, Dixie, Escambia, Franklin, Gadsen, Gilchrist, Gulf, Hamilton, Hernando, Hillsborough, Holmes, Jackson, Jefferson, Lafayette, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Monroe, Okaloosa, Pasco, Pinellas, Santa Rosa, Sarasota, Sumter, Suwannee, Taylor, Union, Wakulla, Walton, and Washington. (Corporate Income Tax Relief for Hurricane Helene, Fla. Dept. of Rev., 10/02/2024.)

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