2012 Florida Statutes
TITLE XIV — TAXATION AND FINANCE
Chapter 220 — INCOME TAX CODE
PART II — TAX IMPOSED; APPORTIONMENT
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 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; s. 3, ch. 98-293.
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