Increased Corporate Tax Collections Estimated to
Trigger $543.2 Million Statewide Refund

                     August 14th, 2019

At a meeting of the Florida Revenue Estimating Conference (REC), state economists announced today that Corporate Income Tax collections increased significantly during the last fiscal year, triggering a refund for corporate income tax payers.

The refunds help offset collections from an expanded tax base which is helping pay for the federal Tax Cuts and Jobs Act of 2017.

The Florida Chamber of Commerce credits the Florida Legislature for taking steps to ensure Florida continues to have one of the best tax climates in the country.

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