Florida Statute 220.43 - Full Text and Legal Analysis

The 2024 Florida Statutes (including 2025 Special Session C)

Title XIV
TAXATION AND FINANCE

Chapter 220
INCOME TAX CODE

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F.S. 220.43

220.43 Reference to federal determinations.—

(1) To the extent not inconsistent with the provisions of this code or forms or regulations prescribed by the department, each taxpayer making a return under this code shall take into account the items of income, deduction, and exclusion on such return in the same manner and amounts as reflected in such taxpayer’s federal income tax return for the same taxable year.

(2) A final determination under the Internal Revenue Code adjusting any item or items of income, deduction, or exclusion for any taxable year shall be prima facie correct for purposes of this code to the extent such item or items enter into the determination of net income under this code.

(3) If there has been implementing legislation under s. 220.03(3), and to the extent required in regulations prescribed by the department, any taxpayer making a return under this code may be required to indicate the item or items of income, deduction, and exclusion which would enter into the determination of income if this code were amended to incorporate the Internal Revenue Code as amended and in effect for such taxable year.

History.—s. 1, ch. 71-984.

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Amendments to 220.43

Annotations, Discussions, Cases:

Cases Citing Statute 220.43

Total Results: 2

Department of Revenue v. Anheuser-Busch, Inc.

527 So. 2d 877, 13 Fla. L. Weekly 1461, 1988 Fla. App. LEXIS 2670, 1988 WL 62163

District Court of Appeal of Florida | Filed: Jun 22, 1988 | Docket: 64635738

Published

with Florida’s corporate income tax statutes. Section 220.43(1), Florida Statutes, requires each taxpayer

Buchwald Enterprises, Inc. v. Florida Department of Revenue

375 So. 2d 861, 1979 Fla. App. LEXIS 15862

District Court of Appeal of Florida | Filed: Oct 2, 1979 | Docket: 64572251

Published

Sales reported for federal purposes in 1972.” Section 220.43(1) of the Florida Tax Code states: “To the