Proposed Changes to Florida Corporate Income Tax Reporting
March 13, 2026
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The Frame
The bill changes how multi-state or multi-entity corporations calculate their Florida tax liability, which could alter the total tax paid by these businesses and increase revenue for the state's General Revenue Fund.
Potentially affected actors named in the source documents. Mention is not a position.
Corporations with multiple related entities
These entities must transition from filing consolidated returns to filing a single unitary combined group return starting in 2027.
Florida Department of Revenue
The department is granted authority to adopt new rules, forms, and guidelines to administer the unitary combined reporting method.
General Revenue Fund
The fund is designated to receive any additional tax revenue generated by the implementation of the unitary combined reporting method.
Last recorded activity March 13, 2026.
Introduced.
Summary
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Why It Matters
The bill changes how multi-state or multi-entity corporations calculate their Florida tax liability, which could alter the total tax paid by these businesses and increase revenue for the state's General Revenue Fund.
Frequently Asked Questions
What is a 'unitary combined group'?
When do these changes take effect?
Will this affect how I file my taxes if I am not part of a unitary group?
News Coverage
Lobbying Activity
WILLIAMS AND JENSEN, PLLC
on behalf of CHICAGO DEFERRED EXCHANGE CORPORATION
CAPITOL TAX PARTNERS, LLP
on behalf of MONDELEZ INTERNATIONAL
THE D MAJOR GROUP
on behalf of HEALTH CARE SERVICE CORPORATION, A MUTUAL LEGAL RESERVE COMPANY (HCSC)
THE NICKLES GROUP, LLC
on behalf of BAXTER HEALTHCARE CORPORATION
MILLER & CHEVALIER CHARTERED
on behalf of MCDONALD'S CORPORATION
ADVANCED POLICY CONSULTING, LLC
on behalf of AMERICAN CEMENT ASSOCIATION (FORMERLY KNOWN AS PORTLAND CEMENT ASSOCIATION)
CONFRERE STRATEGIES, LLC
on behalf of STATE FARM INSURANCE COMPANIES
MILLER & CHEVALIER CHARTERED
on behalf of NETFLIX, INC.
CHIPOTLE MEXICAN GRILL, INC
on behalf of CHIPOTLE MEXICAN GRILL INC
HOLLAND & KNIGHT LLP
on behalf of ILLINOIS TOOL WORKS, INC.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Shift to Unitary Combined Reporting
The bill marks a significant transition from a consolidated return model to a unitary combined reporting model for corporate income tax, aimed at preventing tax avoidance.
Connected Entities
Sources
openstates.org
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy60Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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