Fla. Admin. Code R. 12ER23-11

Current through Reg. 50, No. 124; June 25, 2024

Section 12ER23-11 - Scope

(1) This rule chapter sets forth the rules to be used in the administration of tax credits for contributions made to the following:

(a) Nonprofit scholarship-funding organizations (SFOs) under Section 1002.395, F.S., Florida Tax Credit Scholarship Program. That program allows taxpayers to receive a credit allocation for contributions made to SFOs.

(b) Eligible charitable organizations under Section 402.62, F.S., Strong Families Tax Credit program. That program allows taxpayers to receive a credit allocation for contributions made to eligible charitable organizations designated by the Department of Children and Families.

(c) The administrator of the initiative under Section 1003.485, F.S. The New Worlds Reading Initiative program. That program allows taxpayers to receive a credit allocation made to the administrator of the initiative designated by the Department of Education.

(d) The Florida Housing Finance Corporation under Section 420.50872, F.S., Live Local Program. That program allows taxpayers to receive a credit allocation for contributions made to the Florida Housing Finance Corporation.

(2) This rule chapter establishes procedures governing the approval of tax credit allocations and rescindments, procedures for transferring tax credits, and the procedures to be followed by taxpayers when claiming tax credits on tax returns.

Fla. Admin. Code Ann. R. 12ER23-11

Rulemaking Authority 213.06(1), 402.62(7)(b), 1002.395(12)(b), 1003.485(7)(b) F.S., ss. 34, 43, Ch. 2023-17, LOF. Law Implemented 211.0251, 211.0252, 211.0253, 212.1831, 212.1833, 212.1834, 220.1875, 220.1876, 220.1877, 402.62(5), 561.1211, 561.1212, 561,1213, 624.51055, 624.51056, 624.51057, 1002.395(5), 1003.485(5) FS., s. 34, Ch. 2023-17, LOF.

Adopted by Florida Register Volume 49, Number 192, October 3, 2023 effective 10/1/2023 (Emergency).