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February 25, 2021

Another Florida ‘combined reporting’ bill filed – but this year, by a Republican [The Center Square]

This post was last updated on September 29, 2021. As new policies are announced, FPI will update this page.

As Florida’s response to COVID-19 takes front and center, concern grows for low-income families who struggle to take precautions against the spread of the virus. Although Congress has passed the Families First Coronavirus Response Act to address, at least in part,  the public health crisis and economic fallout from COVID-19, many barriers continue to keep struggling families from accessing the assistance they need during the pandemic. As Florida initiates policies implementing the Act and addressing other barriers to the safety net, FPI will update this form. When available, hyperlinks are provided to agency documents or statements that provide greater detail  about the new policy.

On March 22, 2020, FPI and 44 other organizations sent a letter to Governor DeSantis, leadership in the Legislature and agency heads to urge action on 47 specific policy changes to reduce unnecessary barriers for Florida’s safety net programs in response to the COVID-19 pandemic. See the letter here.

John Haughey writes:

"Corporations operating in Florida have the option to file single tax returns for their company or separate tax filings for each subsidiary.

Only 2 percent submit single tax returns to the Florida Department of Revenue (DOR) because filing separately for subsidiaries offers significant savings.

...

According to the Florida Policy Institute, Florida could raise an additional $477 million annually in taxes if it imposed mandatory combined reporting – but at the expense of job creators."

Read more on the centersquare.com

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