Florida Statute 202.29 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XIV
TAXATION AND FINANCE

Chapter 202
COMMUNICATIONS SERVICES TAX SIMPLIFICATION LAW

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F.S. 202.29

202.29 Bad debts.—

(1) A dealer who has paid the tax imposed by this chapter may take a credit or obtain a refund for tax paid by the dealer on unpaid balances due on worthless accounts within 12 months following the last day of the calendar year for which the bad debt was charged off on the taxpayer’s federal income tax return.

(2) If any accounts for which a credit or refund has been received are then in whole or in part paid to the dealer, the amount paid must be included in the first return filed after such receipt and the tax paid accordingly.

(3) Bad debts associated with accounts receivable which have been assigned or sold with recourse are eligible upon reassignment for inclusion by the dealer in the credit or refund authorized by this section.

(4)(a) A dealer may report the credit for bad debt allowed under this section by netting such credit against the tax due to the state pursuant to s. 202.12 or to a local jurisdiction pursuant to s. 202.19, but such netting may not reduce the amount due to the state or to any local jurisdiction below zero.

(b) For purposes of determining the amount of bad debt that is attributable to the state or to a local jurisdiction, a dealer may employ a proportionate allocation method based on current gross taxes due or another reasonable allocation method approved by the department.

History.—ss. 21, 58, ch. 2000-260; s. 38, ch. 2001-140; s. 1, ch. 2010-83.

F.S. 202.29 on Google Scholar

F.S. 202.29 on Casetext

Amendments to 202.29

Arrestable Offenses / Crimes under Fla. Stat. 202.29

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 202.29.

Annotations, Discussions, Cases:

Cases Citing Statute 202.29

Total Results: 4

State v. Parker

Court: District Court of Appeal of Florida | Date Filed: 1981-05-19

Citation: 399 So. 2d 24

Snippet: Coolidge v. New Hampshire, 403 U.S. 443, 91 S.Ct. 202, 29 L.Ed.2d 564 (1971); Harris v. United States, 390

Baader v. Walker

Court: District Court of Appeal of Florida | Date Filed: 1963-04-19

Citation: 153 So. 2d 51

Snippet: date the entire balance of the indebtedness, $3,202.29, was paid by the defendants to the agent. In March

Webb v. Gregory

Court: District Court of Appeal of Florida | Date Filed: 1958-07-30

Citation: 105 So. 2d 183, 1958 Fla. App. LEXIS 2489

Snippet: its own decree (cf. Randall v. Randall, 158 Fla. 202, 29 So.2d 238, 242-243), because the sellers who held

Lambert v. Sistrunk

Court: Supreme Court of Florida | Date Filed: 1952-04-25

Citation: 58 So. 2d 434, 1952 Fla. LEXIS 1159

Snippet: & Pleissner v. Healy, 161 Mich. 266, 126 N.W. 202, 29 L.R.A.,N.S., 139. There is no need to dwell on