State & Local Tax Impacts of COVID-19 for Florida – 2020

Thoughtware Alert Published: Dec 11, 2020 | Updated: May 05, 2021
SALT GOV COVID TW - 1

Information current as of December 31, 2020.

COVID-19 has changed life across the globe. Many taxing jurisdictions are taking mitigating actions to create social distance and aid taxpayers. The following is a running list of actions by jurisdiction, which generally result in additional time to file and/or pay. Further, many jurisdictions have closed their offices to in-person use by taxpayers and suspended their audit and administrative functions. This alert doesn’t cover similar waivers from local-level taxing authorities. These developments continue to quickly evolve; check with your BKD Trusted Advisor or visit our COVID-19 Resource Center for current information as needed.

Information Specific to Florida

  • Florida’s DOR will offer flexibility on the deadlines of taxes due, including corporate income taxes and sales taxes, to help businesses adversely affected by the new coronavirus response efforts, with some corporate income tax payments that can be deferred until the end of the fiscal year.
    • Official guidance pending; Gov. Ron DeSantis announcement, March 16, 2020.
  • Florida is extending the due date for taxpayers to pay property taxes in all Florida counties from March 31 to April 15, 2020. Property tax returns filed by a railroad, railroad terminal, private car and freight line and equipment company property are extended from April 1 to April 15, 2020.
    • DOR Order of Emergency Waiver/Deviation No. 20-52-DOR-001, March 26, 2020.
  • Florida will waive the imposition of penalty and accrual of interest for those taxpayers who collected any of the following taxes in February 2020 but were unable to meet the March 20 due date if reported and remitted by March 31: sales/use tax, tourist development tax, new tire fee, rental car surcharge, prepaid wireless E-911 fee, lead acid battery fee and the dry cleaning gross receipts fee.
  • Similarly, for taxpayers “adversely affected” by the COVID-19 outbreak, the DOR will extend the due date to April 30, 2020, for these taxes collected in March normally due on April 20.
    • DOR Order of Emergency Waiver/Deviation No. 20-52-DOR-002, March 26, 2020.
  • Florida has suspended the collection of documentary stamp tax on loans made to small businesses under the CARES Act. This directive is effective from April 3, 2020, until the expiration of Executive Order 20-52.
    • Governor’s Executive Order Number 20-95, April 6, 2020.
  • Florida has further extended corporate income tax (CIT) filing and payment deadlines. For entities with a tax year ending December 31, 2019, the May 1 due date for Florida CIT returns is extended to August 3, 2020, and the May 1 due date for Florida CIT payments and extensions is extended to June 1, 2020. For entities with a tax year ending January 31, 2020, the June 1 due date for Florida CIT returns is extended to August 3, 2020, and the June 1 due date for Florida CIT payments or to submit a request for extension of time to file remains June 1, 2020. For entities with a fiscal year ending February 29, 2020, the July 1 due date for Florida CIT returns is extended to August 3, 2020, and the July 1 due date for Florida CIT payments or to submit a request for extension of time to file remains July 1, 2020. Although the IRS extended the due dates for all federal CIT payments, this emergency order doesn’t change the current due dates for Florida CIT estimated payments due between April 1, 2020, and July 15, 2020. Similarly, for taxpayers “adversely affected” by the COVID-19 outbreak, the DOR will extend the due date to April 30, 2020, for these taxes collected in March normally due on April 20.
    • DOR Order of Emergency Waiver/Deviation No. 20-52-DOR-003, April 27, 2020.

For more information, reach out to your BKD Trusted Advisor or use the Contact Us form below.

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