Changes Issued For Proposed Insurance Premium Tax Statements Rule
Oct 26, 2009
The Florida Department of Revenue, Miscellaneous Tax Division issued a Notice of Change regarding Rule 12B-8.003, entitled “Tax Statement; Overpayments.”
Changes made to the proposed Rule after the October 13, 2009 Rule Hearing are detailed below and include the withdrawal of proposed forms relating to the filing of insurance premium taxes. To view the Notice of Change, click here.
Should you have any questions or comments, please contact Colodny Fass.
DEPARTMENT OF REVENUE
Miscellaneous Tax
RULE NO: RULE TITLE: 12B-8.003: Tax Statement; Overpayments
NOTICE OF CHANGE: Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 35 No. 37, September 18, 2009 issue of the Florida Administrative Weekly.
This rule adopts, by reference, Form DR-908, Insurance Premium Taxes and Fees Return for Calendar Year 2009, and Form DR-908N, Instructions for Preparing Form DR-908, Florida Insurance Premium Taxes and Fees Return.
The proposed changes to amend the statement on Page 3, under Schedule III (Credits Against the Premium Tax), to add a statement on Page 4, under Schedule IV (Computation of Salary Credit), and to amend the statement on Page 4, under Schedule V (Corporate Income, Emergency Excise, Salary and SFO Credit Limitation), of Form DR-908, have been withdrawn. When adopted, this statement will not be included on Page 4, under Schedule IV, and no changes will be made to the statement on Page 3, under Schedule III, or to the statement on Page 4, under Schedule V.
Form GT-600002 (Florida Insurance Premium Taxes and Fees Suggested Consolidated Corporate Income Tax Allocation Schedule), as referenced in the proposed changes to Form DR-908N, has been withdrawn. Form GT-600002 will not be used by the Department.
The following provision to the instructions on Page 7, for Schedule IV, Line 4. (Corporate Income Tax and Emergency Excise Tax Paid), and on Page 8, for Schedule V, Line 1. (Total Corporate Income Tax and Emergency Excise Tax Paid), and on Page 12, for Schedule XIV, Line 3. (Total Corporate Income Tax and Emergency Excise Tax), of Form DR-908N, has been withdrawn:
Attach a schedule showing the computation allocating the corporate income tax among the filers included in a Florida corporate income tax return. Form GT-600002 (Florida Insurance Premium Taxes and Fees Suggested Consolidated Corporate Income Tax Allocation Schedule), is included with the return package mailed to every insurance premium taxpayer, and it can also be downloaded from the Department’s Internet site.
When adopted, by reference, no changes will be made to the instructions on Page 7, for Schedule IV, Line 4., on Page 8, for Schedule V, Line 1., or on Page 12, for Schedule XIV, Line 3., of Form DR-908N.
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