Florida Florida Statutes
§ 220.195 — Emergency excise tax credit
FS § 220.195Ch. 220
Statute text
View on source(1)!ledging the transfer, after which time the transferee may claim the transferred credit on its return due on or after the date of the letter. The transferee shall attach a copy of the letter to its return when claiming the credit.
(6)In the event the credit provided under this section is reduced as a result of an examination or audit by the department, such tax deficiency shall be recovered from the first entity to have claimed such credit up to the amount of credit taken. Any subsequent deficiency shall be assessed against any entity acquiring and claiming such credit or, in the case of multiple succeeding entities, in the order of credit succession.
(7)The department may adopt rules to implement this section.
Legislative history
s. 32, ch. 2022-97; s. 40, ch. 2024-158.