Internal Revenue Code

Summary

The bill updates Florida’s definitions of the “Internal Revenue Code” and how “adjusted federal income” and “taxable income” are calculated, specifying which federal provisions are included or excluded. It applies these changes retroactively to January 1, 2026 and directs the Department of Revenue to adopt implementing rules, including short‑term emergency rules. The changes affect all Florida taxpayers, especially corporations, insurance companies, REITs, LLCs and other entities that calculate state tax based on federal definitions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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