Looking for a Florida Department Of Revenue Forms And Templates? Download it for free!

2. A dry-cleaning solvent contaminated site at which the

postmarked or delivered to the Department on the next

cleanup is undertaken by the real property owner who is not

workday. Payments made after the due date are

or has never been the owner or operator of the dry-cleaning

subject to the delinquency penalty, the specific late

facility where the contamination exists.

filing penalty, and interest.

3. A site designated a brownfield site under s. 376.80, F.S.

Penalties— If your return is postmarked after the due date,

both delinquent and specific late filing penalties apply. The

A taxpayer or group of taxpayers working jointly to clean up a

delinquency penalty is assessed on tax not paid by June 30. The

single site may not receive more than $250,000 per year in

penalty rate is 10% per month or portion of a month not to exceed a

tax credit per site. Where a group is working jointly to

maximum of 50% of the tax due.

rehabilitate a site, each member of the group shall receive

their proportionate share of the tax credit based upon their

The specific late filing penalty is assessed on tax returns

contribution to paying the cost of the clean up. A municipality

postmarked after June 30. The penalty rate is 10% per month or

that voluntarily cleans up a dry-cleaning contaminated site

portion of a month, until the return is filed, not to exceed a

may receive a maximum tax credit of $250,000, which it can

maximum of 50% of the tax due.

transfer subject to the provisions of s.199.1055(1)(g), F.S.

The combined total of the delinquency penalty and specific late

If the credit granted under this section is not fully used in any

filing penalty cannot exceed a maximum of 50% of the tax due.

one year, the unused amounts may be carried forward for a

period of not more than five (5) years.

The table below shows both penalties and their respective rates as

well as the total penalty rate for a return filed and paid late. Locate

If the dry-cleaning solvent contamination credit is claimed on

the date on which the return is to be postmarked or delivered to the

the corporate income tax return, no credit is available for the

Department to determine the applicable penalty rate.

intangible tax.

Specific

Combined

1999 Return filed

Delinquency

Late Filing

Penalty

The total amount of credits that may be granted annually

Penalty

or postmarked on:

Penalty

Rate

under Chapters 199 and 220, F.S., for cleaning up a dry-

07/1/99 through 07/31/99

10%

20%

cleaning contaminated site cannot exceed $2,000,000.

08/1/99 through 08/31/99

20%

40%

09/1/99 through 09/30/99

30%

50%

Persons claiming the credit for cleaning up a dry-cleaning

10/1/99 through 10/31/99

40%

50%

contaminated site must attach a copy of the “Tax Credit

11/1/99 through date filed

50%

Certificate” issued by the Department of Environmental

Protection at 850-488-0190.

The combined total of the delinquency penalty and specific late filing

penalty cannot exceed a maximum of 50% of the tax due.

If this is the final year of the dry-cleaning contaminated site

cleanup, you may be eligible to claim an additional credit of

An Information Notice filing penalty of $100 is due when the

10% of the total clean up cost, not to exceed $50,000. To be

information notice on page 4, required to be filed by a corporation

eligible for this credit you must have received a “No Further

under ss. 199.057 and 199.062, F.S., is filed after the due date. A

Action” order for the site from the Department of Environmental

broker or investment advisor who fails to file, or files late customer

Protection. A copy of the “No Further Action” order must be

position statements, is subject to an initial penalty of $10 per

attached to the return when claiming this credit.

position statement plus an additional penalty based on the greater

of 1% of the initial penalty or $50 per month until the position

Total the amounts on Lines A, B, and C. Enter on Line 16 and

statements are filed. The minimum penalty is $100. (See

on Schedule A, Line 8 of the return.

Information Notices on page 9.)

LINE 9

Total Tax Due—Subtract Line 8 from Line 7. Enter the

Interest— Interest is due on the amount of tax not paid by June

result on Line 9.

30 and accrues at the rate of 12% per year from July 1 of the tax

year until the date the tax is paid.

LINE 10 Discount—You may claim a discount for early

Penalty and Interest Calculation Worksheet

payment, provided your tax return with tax payment is

postmarked on or before the last day of the month for

Penalty

Tax Due

Penalty Rate

Penalty Due

which the discount is claimed. Discounts are not

Delinquency and/or

extended when the last day of the month falls on

Specific Penalty

Saturday, Sunday, or a legal state or federal holiday.

Information Notice Filing Penalty (minimum)

$100.00

Days Late

Tax Due

Daily Interest

Interest Due

Discount Periods

Discount

If Postmarked on or Before

January or February

Sunday, February 28, 1999

0.000328767 =

March

Wednesday, March 31, 1999

Total Penalty and Interest Due

April

Friday, April 30, 1999

Transfer Total Penalty and Interest Due to Schedule A, Line 11.

May

Monday, May 31, 1999

June

LINE 12 Voluntary Election Campaign Financing Trust

Fund—If you wish to contribute, enter $5.00 per

LINE 11

Penalty and Interest—Full payment of the tax must be

taxpayer for the Voluntary Election Campaign

made no later than June 30 of the tax year to avoid

Financing Trust Fund. All contributions will be

any penalties or interest. However, a return mailed after

transferred to the Voluntary Election Campaign

June 30 is not late if June 30 falls on Saturday, Sunday,

Financing Trust Fund. These funds will be available to

or a legal state or federal holiday and the return is

all candidates for Governor and Cabinet Offices.

Form Dr-601c - Intangible Tax Return For Corporation, Partnership And Fiduciary Filers - 1999 Page 7

Related Articles

Related forms

Related Categories