Florida Dept. of Revenue - Chapter 12C-1: Corporate Income Tax

Florida Proposed Rules

Rule Number: Rule Title
12C-1.022	Returns; Filing Requirement
12C-1.051	Forms

Next Step:	The Department will present these rules to the Governor and Cabinet during the regularly-scheduled Cabinet meeting on September 30, 2025, to request Approval to Hold Public Hearings on Proposed Rules. The meeting will take place in the Cabinet Meeting Room in the Lower Level of the Capitol. Rule materials for the meeting are available below, and additional information about the Cabinet meeting can be found on the Governor and Cabinet's meeting website.

Forms:	F-1120: Florida Corporate Income/Franchise Tax Return F-1120N: Instructions for - Corporate Income/Franchise Tax Return for taxable years beginning on or after January 1, 2025

Cabinet Agenda for Hearing:	September 30, 2025
Notice of Public Meeting - Cabinet for Hearing:	September 23, 2025 (Vol. 51, No. 185)
Workshop Information:	August 14, 2025
Draft Rule Language:	August 14, 2025
Notice of Rule Development:	July 31, 2025 (Vol. 51, No. 148)

Purpose: The purpose of the draft amendment to Rule 12C-1.022, F.A.C. (Returns; Filing Requirement), is to incorporate legislative changes in sections 62 and 63, Ch. 2025-208, L.O.F., amending section 220.03(1)(e ), F.S., to exclude charitable trusts from the requirement to file a Florida corporate income/franchise tax return effective for taxable years beginning on or after January 1, 2026. The purpose of the draft amendment to Rule 12C-1.051, F.A.C. (Forms) is to update the annual forms.