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Florida – no individual income tax [10] but has a 5.5% corporate income tax. [11] The state once had a tax on "intangible personal property" held on the first day of the year (stocks, bonds, mutual funds, money market funds, etc.), but it was abolished at the start of 2007. [12] Nevada – no individual or corporate income tax.
January 23 – Donald Dillbeck becomes the first person executed in Florida since the execution of Gary Ray Bowles in 2019 and the 100th execution since the reinstatement of the death penalty in 1976. [1] April 13 – Governor Ron DeSantis signs a bill that shortened the restriction on abortion after 6 weeks of pregnancy. The bill has an ...
Florida also has a lower median household income compared to the national median. In Florida, the median household income between 2017 and 2021 was $61,777, and $74,580 nationwide in 2022.
Nearly 5 million taxpayers who have unpaid tax bills from 2020 and 2021 will have almost $1 billion in penalty fees waived by the Internal Revenue Service (IRS).
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
The Florida Constitution, in Article V, Section 2(a), vests the power to adopt rules for the "practice and procedure in all courts" in the Florida Supreme Court, which has adopted the Florida Rules of Civil Procedure. Although Title VI of the Florida Statutes is labeled "Civil Practice and Procedure", the statutes it contains are limited to ...
The tax underpayment penalty works within a certain legal structure, governed by the IRS under Section 6654 of the Internal Revenue Code. Your penalty is calculated based on how much you underpaid ...
Felony disenfranchisement was introduced in Florida in 1838 with the ratification of the first Constitution of Florida, which stated “laws shall be made by the General Assembly, to exclude from office, and from suffrage, those who shall have been or may thereafter be convicted of bribery, perjury, forgery, or other high crime, or misdemeanor”, [11] [12] which took effect in 1845 when ...