Florida has two models for conforming to the federal tax code after the House Ways and Means Committee approved a bill Thursday that decouples from the primary corporate tax breaks in President Donald Trump’s signature tax law.
The House bill, WMC 26-01 HB 7031, adjusts Florida’s federal conformity date to Jan. 1, 2026, but doesn’t adopt the seven primary tax-cutting strategies aimed at businesses, including Section 168(k), relating to bonus depreciation of assets, and Section 174(a), relating to amortization of certain research and experimental expenditures. The committee advanced the measure by a vote of 19-0.
The House package contrasts ...
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