Fla. Admin. Code R. 12ER24-10

Current through Reg. 50, No. 217; November 5, 2024

Section 12ER24-10 - 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 also sets forth the rules to be used in the administration of the Child Care Tax Credits program under Section 402.261, F.S. That program allows taxpayers to receive a credit allocation for establishing an eligible child care facility for employees; operating an eligible child care facility for employees; or paying an eligible child care facility in the name and for the benefit of an employee.

(3) 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. 12ER24-10

Rulemaking Authority 213.06(1), 402.261(7), 402.62(7)(b), 420.50872, 1002.395(12)(b), 1003.485(7)(b) F.S., s. 61, Ch. 2024-158, LOF. Law Implemented 211.0251, 211.0252, 211.0253, 211.0254, 212.1831, 212.1833, 212.1834, 212.1835, 220.1875, 220.1876, 220.1877, 220.1878, 220.19, 402.261, 402.62(5), 420.50872, 561.1211, 561.1212, 561,1213, 561.1214, 624.51055, 624.51056, 624.51057, 624.51058, 624.5107, 1002.395(5), 1003.485(5) FS.

New 6/6/2011, Amended by Florida Register Volume 41, Number 135, July 14, 2015 effective 7/28/2015, Amended by Florida Register Volume 44, Number 249, December 26, 2018 effective 1/8/2019, Amended by Florida Register Volume 48, Number 091, May 10, 2022 effective 5/23/2022, Amended by Florida Register Volume 49, Number 244, December 19, 2023 effective 1/1/2024, Amended by Florida Register Volume 50, Number 187, September 24, 2024 effective 10/1/2024 (EMERGENCY).