FL S7064

Updates the Internal Revenue Code reference date from January 1, 2015 to January 1, 2016 for purposes of defining terms and calculating adjusted federal income under Florida corporate income tax law.

Adds the Consolidated Appropriations Act, 2016 to the list of federal acts triggering bonus depreciation and Section 179 deduction adjustments, and extends the bonus depreciation adjustment period through property placed in service before January 1, 2021.

Changes partnership information return filing deadline from the 5th month to the 4th month following the close of the taxable year, with a transition provision for taxpayers with June 30 year-ends through 2025.

Moves estimated tax declaration filing deadline from the 5th month to the 6th month of the taxable year, with corresponding changes to estimated tax payment dates and deadlines for calculating interest and penalties on underpayments.

Authorizes the Department of Revenue to adopt emergency rules for implementing the amendments through January 1, 2020.