Florida Statute 220.186 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XIV
TAXATION AND FINANCE

Chapter 220
INCOME TAX CODE

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F.S. 220.186

220.186 Credit for Florida alternative minimum tax.—

(1) A taxpayer required to determine taxable income pursuant to s. 220.13(2)(k) shall be allowed a credit against the tax imposed by this chapter in any subsequent taxable years.

¹(2) The credit pursuant to this section shall be the amount of the excess, if any, of the tax paid based upon taxable income determined pursuant to s. 220.13(2)(k) over the amount of tax which would have been due based upon taxable income without application of s. 220.13(2)(k), before application of this credit without application of any credit under s. 220.1875, s. 220.1876, s. 220.1877, or s. 220.1878.

(3) The amount of credit allowable in any subsequent taxable years shall not exceed the excess, if any, of the amount of tax computed under this chapter without application of s. 220.13(2)(k) over the amount of tax computed with application of s. 220.13(2)(k), whether or not such paragraph is required to compute taxable income for the year.

History.—s. 15, ch. 87-99; s. 16, ch. 90-203; s. 1, ch. 2009-108; s. 8, ch. 2010-24; s. 32, ch. 2021-31; s. 6, ch. 2021-193; s. 20, ch. 2023-17.

¹Note.—

A. Section 12, ch. 2021-193, provides that “[t]he Department of Revenue is authorized, and all conditions are deemed met, to adopt emergency rules under s. 120.54(4), Florida Statutes, for the purpose of implementing provisions related to the New Worlds Reading Initiative Tax Credit created by this act. Notwithstanding any other law, emergency rules adopted under this section are effective for 6 months after adoption and may be renewed during the pendency of procedures to adopt permanent rules addressing the subject of the emergency rules.”

B. Section 43, ch. 2023-17, provides:

“(1) The Department of Revenue is authorized, and all conditions are deemed met, to adopt emergency rules under s. 120.54(4), Florida Statutes, for the purpose of implementing provisions related to the Live Local Program created by this act. Notwithstanding any other law, emergency rules adopted under this section are effective for 6 months after adoption and may be renewed during the pendency of procedures to adopt permanent rules addressing the subject of the emergency rules.

“(2) This section expires July 1, 2026.”

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Amendments to 220.186

Arrestable Offenses / Crimes under Fla. Stat. 220.186

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 220.186.

Annotations, Discussions, Cases:

Cases Citing Statute 220.186

Total Results: 9

Ezp v. Hp, Jr.

Court: District Court of Appeal of Florida | Date Filed: 2000-04-05

Citation: 756 So. 2d 188, 2000 Fla. App. LEXIS 4196, 2000 WL 346141

Snippet: note the existence of Putnam v. Putnam, 136 Fla. 220, 186 So. 517 (1939), where the Florida Supreme Court

Carroll v. Carroll

Court: District Court of Appeal of Florida | Date Filed: 1992-02-07

Citation: 593 So. 2d 1131, 1992 WL 20015

Snippet: We recognize that in Putnam v. Putnam, 136 Fla. 220, 186 So. 517 (1939), the supreme court affirmed a trial

Clayton v. Clayton

Court: District Court of Appeal of Florida | Date Filed: 1980-03-10

Citation: 380 So. 2d 1143, 1980 Fla. App. LEXIS 16076

Snippet: (Fla. 1st DCA 1960); Putnam v. Putnam, 136 Fla. 220, 186 So. 517 (1939). The rule applied with respect

Gordon v. Gordon

Court: District Court of Appeal of Florida | Date Filed: 1979-03-28

Citation: 368 So. 2d 1356

Snippet: So.2d 881 (1946) and Putnam v. Putnam, 136 Fla. 220, 186 So. 517 (1939) in support of its decision. In

Tyrrell v. Tyrrell

Court: District Court of Appeal of Florida | Date Filed: 1978-06-08

Citation: 359 So. 2d 62

Snippet: to that point. (See Putnam v. Putnam, 136 Fla. 220, 186 So. 517 (1939); Cortina v. Cortina, 108 So.2d

Warrick v. Hender

Court: District Court of Appeal of Florida | Date Filed: 1967-05-03

Citation: 198 So. 2d 348

Snippet: 108 So.2d 63; Putnam v. Putnam, 1939, 136 Fla. 220, 186 So. 517; and Satterfield v. Satterfield, Fla.

Denton v. Denton

Court: District Court of Appeal of Florida | Date Filed: 1962-12-07

Citation: 147 So. 2d 545

Snippet: 18 So.2d 902; Putnam v. Putnam, 1939, 136 Fla. 220, 186 So. 517. In Satterfield v. Satterfield, Fla. 1949

Hardy v. Hardy

Court: District Court of Appeal of Florida | Date Filed: 1960-02-04

Citation: 118 So. 2d 106

Snippet: In the case of Putnam v. Putnam, 1939, 136 Fla. 220, 186 So. 517, 518, the decree of the court as modified

Cortina v. Cortina

Court: District Court of Appeal of Florida | Date Filed: 1958-12-19

Citation: 108 So. 2d 63

Snippet: L.R. 197; and Putnam v. Putnam, 1939, 136 Fla. 220, 186 So. 517. It should go without saying that the