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Post details: Florida --Corporate Income, Insurance Taxes: Capital Investment, Renewable Energy Credits Amended
06/30/08
Florida --Corporate Income, Insurance Taxes: Capital Investment, Renewable Energy Credits Amended
CCH (cch.taxgroup.com) reports:
The capital investment credit allowed against the Florida corporate income tax or insurance gross premiums tax and the renewable energy technologies credit allowed against the corporate income tax are amended to provide for transferability of the credits. The renewable energy production credit allowed against the corporate income tax is amended to clarify the treatment of the credit by pass-through entities. Also, where applicable, references in the credits to the Department of Environmental Protection have been changed to refer to the Florida Energy and Climate Commission.
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