220.11
Tax imposed.
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220.11 Tax imposed.—
(1) A tax measured by net income is hereby imposed on every taxpayer for each taxable year for the privilege of conducting business, earning or receiving income in this state, or being a resident or citizen of this state. Such tax shall be in addition to all other occupation, excise, privilege, and property taxes imposed by this state or by any political subdivision thereof, including any municipality or other district, jurisdiction, or authority of this state.
(2)(a) The tax imposed by this section shall be an amount equal to 51/2 percent of the taxpayer’s net income for the taxable year, except as provided in paragraph (b).
(b) The tax rate imposed in paragraph (a) shall be adjusted as provided in s. 220.1105.
(3) The tax imposed by this section, for taxpayers determining taxable income under s. 220.13(2)(k), shall be an amount equal to 3.3 percent of the taxpayer’s net income for the taxable year.
(4) In the case of a taxpayer to which s. 55 of the Internal Revenue Code is applied for the taxable year, the amount of tax determined under this section shall be the greater of the tax determined under subsection (2) without the application of s. 55 of the Internal Revenue Code or the tax determined under subsection (3).
History.—s. 1, ch. 71-984; s. 21, ch. 84-549; s. 13, ch. 87-99; s. 17, ch. 88-119; s. 101, ch. 91-112; s. 5, ch. 2018-119; s. 39, ch. 2019-3.
Notes of Decisions
Cited in 6
cases (1 in the last 5 years), 1976–2024 · leading case: Heftler Construction Co. & Sub. v. Depart. of Rev.
Heftler Construction Co. & Sub. v. Depart. of Rev. (1976)
“F.S. § 220.11(2). Florida net income is defined as `adjusted federal income', apportioned where necessary in accordance with F.”
Northwestern Mutual Life Insurance v. United States (1985)
“” Fla.Stat.Ann. § 220.11 (West Cum. Pocket Part 1983).”
Lutheran Mutual Life Insurance Company v. United States (1987)
“Fla.Stat.Ann. § 220.11 (West Cum.Pocket Part 1983).”
Barnett Banks, Inc. v. Department of Revenue (1999)
“See §§ 220.11, 220.12, & 220.13, Fla. Stat. (1997).”
Stan Musial & Biggie's, Inc. v. State, Department of Revenue (1978)
“Section 220.11(2). A taxpayer’s net income is defined to be that share of its adjusted federal income which is apportioned to Florida under the provisions of Section 220.”
State Farm Mutual Automobile Insurance Company v. Florida Department of Revenue (2024)
“§ 220.11, Fla. Stat. (“A tax measured by net income is hereby imposed on every taxpayer for each taxable year .”
— 220.11(2) — 2 cases
Heftler Construction Co. & Sub. v. Depart. of Rev. (1976)
“F.S. § 220.11(2). Florida net income is defined as `adjusted federal income', apportioned where necessary in accordance with F.”
Stan Musial & Biggie's, Inc. v. State, Department of Revenue (1978)
“Section 220.11(2). A taxpayer’s net income is defined to be that share of its adjusted federal income which is apportioned to Florida under the provisions of Section 220.”
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