CopyCited 7 times | Published | Florida 3rd District Court of Appeal
..."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). Florida net income is defined as `adjusted federal income', apportioned where necessary in accordance with F.S. §
220.15, less the annual exemption allowed by §
220.14. F.S. §
220.12(1)....
CopyCited 2 times | Published | Florida 4th District Court of Appeal
...NOTES [1] The stipulation of facts submitted by the parties has facilitated the appellate presentation of this case and we commend the general use of such stipulations to the Bar. [2] This appears to be a typographical error as the briefs and record make it otherwise clear that the sale date was April 1971. [3] Section 220.12(1), Florida Statutes (1973)....
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CopyCited 3 times | Published | Florida 2nd District Court of Appeal
...1971, it was recognized for federal income tax purposes after said amendment and that the Florida Corporate Income Tax Code specifically contemplates taxation of such sums by virtue of using as a starting point "adjusted federal income." Fla. Stat. Section 220.12(1)....
CopyPublished | District Court of Appeal of Florida | 1978 Fla. App. LEXIS 16789
...ured by net income. 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.-15, less the annual exemption allowed by Section
220.14. Section
220.12(1)....
CopyPublished | Florida 1st District Court of Appeal
...(“A tax measured
by net income is hereby imposed on every taxpayer for each taxable
year . . . .”); see §
220.03(1)(z), Fla. Stat. (defining “taxpayer” in
terms limited to a corporation). 1 “Net income” is based off the
corporation’s “adjusted federal income.” §
220.12, Fla....
