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1997 Florida Code
TITLE XIV TAXATION AND FINANCE
Chapter 220 Income Tax Code  
PART II TAX IMPOSED; APPORTIONMENT (ss. 220.11-220.1895)
220.12   "Net income" defined.

220.12  "Net income" defined.--For purposes of this code, a taxpayer's net income for a taxable year shall be its adjusted federal income, or that share of its adjusted federal income for such year which is apportioned to this state under s. 220.15, plus nonbusiness income allocated to this state pursuant to s. 220.16, less child care facility startup costs as defined by 1s. 220.03(1)(dd), less the exemption allowed by s. 220.14.

History.--s. 1, ch. 71-984; s. 23, ch. 83-349; s. 4, ch. 85-118; s. 14, ch. 90-203; s. 92, ch. 91-112; s. 36, ch. 96-397.

1Note.--Redesignated as s. 220.03(1)(cc) to conform to the repeal of paragraph (1)(bb) by s. 35, ch. 96-397.

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