1(1) 2A tax measured by net income is hereby imposed on every taxpayer for each taxable year for the privilege of conducting business, earning or receiving income in this state, or being a resident or citizen of this state. Such tax shall be in addition to all other occupation, excise, privilege, and property taxes imposed by this state or by any political subdivision thereof, including any municipality or other district, jurisdiction, or authority of this state.
77(2)(a) 78The tax imposed by this section shall be an amount equal to 591192/93294percent of the taxpayer’s net income for the taxable year, except as provided in paragraph (b).
110(b) 111The tax rate imposed in paragraph (a) shall be adjusted as provided in s. 125220.1105126.
127(3) 128The tax imposed by this section, for taxpayers determining taxable income under s. 141220.13(2)(k), 142shall be an amount equal to 3.3 percent of the taxpayer’s net income for the taxable year.
159(4) 160In the case of a taxpayer to which s. 55 of the Internal Revenue Code is applied for the taxable year, the amount of tax determined under this section shall be the greater of the tax determined under subsection (2) without the application of s. 55 of the Internal Revenue Code or the tax determined under subsection (3).
History.-s. 1, ch. 71-984; s. 21, ch. 84-549; s. 13, ch. 87-99; s. 17, ch. 88-119; s. 101, ch. 91-112; s. 5, ch. 2018-119; s. 39, ch. 2019-3.
