The 2023 Florida Statutes (including Special Session C)

Title X
PUBLIC OFFICERS, EMPLOYEES, AND RECORDS

Chapter 112
PUBLIC OFFICERS AND EMPLOYEES: GENERAL PROVISIONS

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F.S. 112.21

112.21 Tax-sheltered annuities or custodial accounts for employees of governmental agencies.—A governmental agency, which means any state, county, local, or municipal governmental entity or any unit of government created or established by law, which is qualified under the United States Internal Revenue Code may provide, by written agreement between any such agency and any employee, to reduce the contract salary payable to such employee and, in consideration thereof, to pay an amount equal to the amount of such reduction to an insurance company licensed to do business in Florida; to a credit union, bank, or savings and loan association qualified to do business in Florida; or to a custodial account to be invested in regulated investment company stock to be held in such custodial account, as selected by the employee or employees, notwithstanding any other provision of law, with the concurrence of the employing agency, as premiums on an annuity contract issued in the name of such employee or as payment into a qualified custodial account established pursuant to s. 403(b) of the United States Internal Revenue Code.

(1) Any such annuity contract or custodial account shall be in such form, and be based upon such terms, as will qualify the payments thereon for tax deferment under the United States Internal Revenue Code. Such insurance annuity, savings, or investment products shall be underwritten and offered, in compliance with the applicable federal and state laws and regulations, by persons who are duly authorized by applicable state and federal authorities. All records identifying individual participants in any contract or account under this section and their personal account activities shall be confidential and are exempt from the provisions of s. 119.07(1).

(2) The amount of such reduction shall not exceed the amount excludable from income under s. 403(b) of the United States Internal Revenue Code and amendments and successor provisions thereto and shall be considered a part of the employee’s salary for all purposes other than federal income taxation.

(3) The purchase of such tax-sheltered annuity or other investment qualified under the United States Internal Revenue Code and not prohibited under the laws of this state for an employee shall impose no liability or responsibility whatsoever on the employing agency except to show that the payments have been remitted for the purposes for which deducted.

History.—s. 1, ch. 74-157; s. 1, ch. 76-78; s. 2, ch. 77-295; s. 1, ch. 87-7; s. 27, ch. 90-360; s. 34, ch. 96-406.

F.S. 112.21 on Google Scholar

F.S. 112.21 on Casetext

Amendments to 112.21

Arrestable Offenses / Crimes under Fla. Stat. 112.21

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 112.21.

Annotations, Discussions, Cases:

Cases from cite.case.law:

CLEANUP NORTH BROOKLYN BY CHANTRTANAPICHATE, v. BROOKLYN TRANSFER LLC, GPB NY LLC, GPB LLC,, 373 F. Supp. 3d 398 (E.D.N.Y. 2019)

. . . Awarded Reduction Steven Schindler $ 600 $ 425 18.5 12.95 $ 5,503.75 Karen Steel $ 425 $ 325 176.6 16.3 112.21 . . .

PETRELLA, v. METRO- GOLDWYN- MAYER, INC., 134 S. Ct. 1962 (U.S. 2014)

. . . See 6 Patry § 20:58, at 20-110 to 20-112.21 The test for estoppel is more exacting than the test for . . .

ALKABSH d b a v. UNITED STATES, 733 F. Supp. 2d 929 (W.D. Tenn. 2010)

. . . September 5, 2009 at 02:07:00 AM in the amount of $149.01 followed in two minutes with a transaction of $112.21 . . .

In GONZALEZ,, 378 B.R. 168 (Bankr. N.D. Ohio 2007)

. . . In addition, the Debtors set forth the following necessary, monthly expenditures: Telephone $112.21 Cell . . . cannot pay their debts, to allocate $118.34 per month for cell phones, while at the same time paying $112.21 . . .

INDEX FUND, INC. v. R. HAGOPIAN, S. A. S. A., 107 F.R.D. 95 (S.D.N.Y. 1985)

. . . discovery and present evidence in opposition to the motion____”); 2A Moore’s Federal Practice, supra, ¶112.21 . . .

UNITED STATES, C. v. BAR BEA TRUCK LEASING CO. INC. Co., 713 F.2d 1563 (Fed. Cir. 1983)

. . . . §§ 112.21, 112.24 and 112.30. . . .

Co. v., 4 Ct. Int'l Trade 159 (Ct. Int'l Trade 1982)

. . . On an application for a cartage license pursuant to 19 CFR §§ 112.21, et seq., no hearing is provided . . .

Co. v., 4 Ct. Int'l Trade 104 (Ct. Int'l Trade 1982)

. . . By letter dated March 24, 1982, plaintiff applied for a CCL, pursuant to the provisions of 19 CFR § 112.21 . . .

AUTOGIRO COMPANY OF AMERICA v. THE UNITED STATES, 181 Ct. Cl. 55 (Ct. Cl. 1967)

. . . Defendant has relied upon the following patents: United States Patents DX No- 1,449,129 Pescara_ 1923 112.21 . . .