Florida Florida Statutes
§ 212.134 — Information returns relating to payment-card and third party network transactions
FS § 212.134Ch. 212
Statute text
View on source(1)As used in this section, the term:(a) “Participating payee” has the same meaning as in s. 6050W of the Internal Revenue Code.
(b)“Return” or “information return” means the Form 1099-K required under s. 6050W of the Internal Revenue Code.
(c)“Third party network transaction” has the same meaning as in s. 6050W of the Internal Revenue Code.
(d)“Third party settlement organization” has the same meaning as in s. 6050W of the Internal Revenue Code.
(2)For each year in which a payment settlement entity, an electronic payment facilitator, or other third party contracted with the payment settlement entity to make payments to settle reportable payment transactions on behalf of the payment settlement entity must file a return pursuant to s. 6050W of the Internal Revenue Code, for participating payees with an address in this state, the entity, the facilitator, or the third party must submit the information in the return to the department by the 30th day after filing the federal return. The format of the information returns required must be either a copy of such information returns or a copy of such information returns related to participating payees with an address in the state. For purposes of this subsection, the term “payment settlement entity” has the same meaning as provided in s. 6050W of the Internal Revenue Code.
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Legislative history
s. 20, ch. 2020-10; s. 1, ch. 2024-139.