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the Florida Statutes
1997 Florida Code
TITLE XXXVI BUSINESS ORGANIZATIONS
Chapter 608 Limited Liability Companies
608.471 Tax on income of limited liability company.
608.471 Tax on income of limited liability company.--
(1) A limited liability company is an "artificial entity" within the purview of s. 220.02 and is subject to the tax imposed under chapter 220.
(2) The income of a limited liability company organized pursuant to this chapter shall be subject to the Florida Income Tax Code and the tax levied pursuant to chapter 220.
(3) A distribution shall be deemed a "dividend" under s. 316 of the Internal Revenue Code as such code is defined in s. 220.03.
History.--s. 2, ch. 82-177; s. 73, ch. 83-216; s. 58, ch. 93-284.
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