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FL S7048
Bill
Status
Introduced
2/25/2026
Primary Sponsor
Appropriations
Click for details
AI Summary
- Updates Florida's corporate income tax code to conform with the federal Internal Revenue Code as amended through January 1, 2026
- Maintains specific federal tax provisions (sections 168(k), 174(a), 163(j), 274, and 179) at their January 1, 2025 versions, preventing automatic adoption of any 2025 federal changes to these sections
- Excludes federal sections 168(n) and 174A from Florida's tax code conformity
- Applies retroactively to January 1, 2026
- Authorizes the Department of Revenue to adopt emergency rules effective for 6 months, with renewal allowed while permanent rulemaking is pending
Legislative Description
Internal Revenue Code
Last Action
Laid on Table, refer to HB 7031
3/6/2026
Full Bill Text
No bill text available