The Florida Department of Revenue has granted relief to certain adversely affected taxpayers suffering from business interruptions caused by COVID-19. This relief extends the deadlines for reporting and remitting property tax and sales and use tax for affected taxpayers. Florida property tax assessments for the 2019 tax year are generally…
Upon completion of a Florida tax audit, the Department of Revenue (“DOR”) will issue a Notice of Proposed Assessment (“NOPA”) to assess any additional tax, interest, and penalties. By its terms, the NOPA provides that it will become a “final assessment” within 60 days of issuance if it is not…
Florida House Bill 33, which was enacted just a few weeks ago, provides a number of tax cuts and incentives. The bill’s key provisions include: A $60,000 cap on the amount of sales tax paid on repairs of a vessel, which would apply to a repair costing in excess of…