Florida Statute 220.11 - Full Text and Legal Analysis

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.

Cases Citing F.S. 220.11

Fla. Stat. § 220.11 (2026) Copy Cite Official Site Syfertize CourtListener Amendments
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Heftler Constr. Co. & Sub. v. Depart. of Rev., 334 So. 2d 129 (Fla. 3d DCA 1976).
Cited 7 times | Published | Florida 3rd District Court of Appeal
...equested a formal hearing and the respondent requested the Division of Administrative Hearings to conduct the hearing. "CONCLUSIONS OF LAW "The Florida income tax code imposes upon corporations an excise or privilege tax measured by net income. F.S. § 220.11(2)....
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Stan Musial & Biggie's, Inc. v. State, Dep't of Revenue, 363 So. 2d 375 (Fla. Dist. Ct. App. 1978).
Published | District Court of Appeal of Florida | 1978 Fla. App. LEXIS 16789
...It upheld the deficiency assessment because in its judgment the three factor formula specified in Section 214.71 fairly apportioned Musial’s tax base. The Florida Corporate Income Tax Code imposes upon corporations an excise or privilege tax measured by net income. Section 220.11(2)....
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State Farm Mut. Auto. Ins. Co. v. Florida Dep't of Revenue (Fla. 1st DCA 2024).
Published | Florida 1st District Court of Appeal
...of some dense tax-code material. Equal doses of patience and attention will be required. We begin with the Legislature’s imposition of the CIT. It imposes tax on the “net income” of corporations that conduct business or reside in Florida. § 220.11, Fla....

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Cases Citing F.S. 220.11

Heftler Constr. Co. & Sub. v. Depart. of Rev., 334 So. 2d 129 (Fla. 3d DCA 1976).

Stan Musial & Biggie's, Inc. v. State, Dep't of Revenue, 363 So. 2d 375 (Fla. Dist. Ct. App. 1978).

State Farm Mut. Auto. Ins. Co. v. Florida Dep't of Revenue (Fla. 1st DCA 2024).