Updates to Florida Corporate Income Tax Rules
February 20, 2026
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Where This Stands
Currently Laid on Table, refer to HB 7031. The next step in the legislative lifecycle is Introduced.
Procedural history
7 actions- Feb 26, 2026SenateIntroducedIntroduced
- Feb 25, 2026SenateOn Committee agenda-- Appropriations, 03/02/26, 12:00 pm, 110 Senate Building
- Feb 25, 2026SenateCommitteeReferred to Appropriations
- Feb 25, 2026SenateIntroducedFiled
- Feb 25, 2026SenateSubmitted as Committee Bill and Reported Favorably by Finance and Tax; YEAS 7 NAYS 0
- Feb 20, 2026SenateOn Committee agenda-- Finance and Tax, 02/25/26, 1:30 pm, 301 Senate Building
Show 1 earlier action
- Feb 20, 2026SenateSubmitted for consideration by Finance and Tax
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →The Frame
Businesses operating in Florida must calculate their state corporate income tax differently than their federal tax, which may change the amount of tax owed to the state for the 2026 tax year and beyond.
Potentially affected actors named in the source documents. Mention is not a position.
Corporate taxpayers
Businesses subject to Florida corporate income tax must modify how they calculate their taxable income to comply with these state-specific adjustments.
Florida Department of Revenue
The department is tasked with administering these tax changes and is granted authority to issue emergency rules.
Last recorded activity February 20, 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.
Frequently Asked Questions
How does this bill affect my business's state tax return?
Does this change apply to previous tax years?
Why It Matters
Businesses operating in Florida must calculate their state corporate income tax differently than their federal tax, which may change the amount of tax owed to the state for the 2026 tax year and beyond.
News Coverage
Lobbying Activity
AARP
2026
“P.L. 119-21, One Big Beautiful Bill Act H.R. 8867, Planning for Long-term Aging Needs (PLAN) Act H.R. 5861, Legacy Act of 2025 H.R. 9393, the Lower Costs, More Transparency Act. H.R. 9396, the Prior Authorization Accountability Act. S. 4916, the Aging with Artificial Intelligence Act. H.R. 8100, Safe Staffing Saves Lives Act. S. 3886, Nurses Belong in Nursing Homes Act. H.R. 6766/S. 3492, the Essential Caregivers Act of 2025. H.R. 7966/S. 4118, Hospice Care Accountability, Reform, and Enforcement (Hospice CARE) Act. S. 2120, the Older Americans Act Reauthorization Act of 2025 H.R. 5575, the Firefighters Assisting Seniors to Emergency Response (FASTER) Act of 2025. H.R. 3954/S. 4641, Improving Access to Medicare Coverage Act. H.R.5554/S.2831, Stand Strong for Medicare Act. S. 3439/H.R. 6735, Connecting Caregivers to Medicare Act and efforts related to the bill S. 1227/H.R. 2491, Alleviating Barriers for Caregivers Act S. 668/H.R. 3183, Supporting Access to Falls Education and Prevention and Strengthening Training Efforts and Promoting Safety Initiatives (SAFE STEPS) for Veterans Act of 2025 CMS-1851-P, Hospice Proposed rule. CMS-1843-P, Skilled Nursing Facility Proposed rule. CMS-1844-P, Home Health Proposed rule. No bill number. Health care transparency. No bill number. Discussed use of artificial intelligence and health data technology. No bill number. Discussed health-related policies and activities around the fall respiratory virus season. No bill number. Discussed health insurance affordability proposals. No bill number. Discussed Nursing Home staffing standards, safety, and quality. No bill number. Discussed Nursing home transparency and ownership requirements. No bill number. Discussed home health, hospice, and long-term care. No bill number. Discussed falls prevention. No bill number. Discussed social isolation. No bill number. Discussed HUD Assisted Living Requirements No bill number. Discussed family caregiving. No bill number. Discussed AARP paper on Medicare Caregiver Training Services. No bill number. Discussed Medicaid community engagement interim final rule, including the family caregiver exemption. No bill number. Discussed the paid direct care workforce in long-term care. No bill number. Discussed the unaffordability of long-term care. No bill number. Discussed Money Follows the Person Rebalancing Demonstration Program and Medicaid HCBS spousal impoverishment protections. No bill number. Discussed Medicaid fraud and family caregivers, Medicaid self-direction programs. No bill number. Discussed sandwich generation family caregiver hearing and submitted a statement for the record discussing family caregivers and sandwich generation caregivers, programs that support them, AARP caregiving resources, and federal policies to support sandwich generation caregivers and caregivers more broadly. No bill number. Discussed long-term care. No bill number. CMS-2453-NC; Medicaid Program; 2028 Medicaid Home and Community-Based Services Quality Measure Set Submitted comments No bill number. Discussed expanding access to home care. No bill number. Discussed the increasing cost of home care No bill number. Discussed HSA use for telehealth chronic care management services/subscriptions. No bill number. Discussed artificial intelligence and technology”
BRUMIDI GROUP
on behalf of BATTERY COUNCIL INTERNATIONAL
S-3 GROUP
on behalf of ABBOTT LABORATORIES
CAPITOL TAX PARTNERS, LLP
on behalf of MONDELEZ INTERNATIONAL
MILLER & CHEVALIER CHARTERED
on behalf of MCDONALD'S CORPORATION
MILLER & CHEVALIER CHARTERED
on behalf of NETFLIX, INC.
GROOM LAW GROUP, CHARTERED
on behalf of INSTRIDE
HOLLAND & KNIGHT LLP
on behalf of TAKEDA PHARMACEUTICALS AMERICA, INC.
KOUNTOUPES DENHAM CARR & REID, LLC
on behalf of AIRBNB
SMALL BUSINESS MAJORITY FOUNDATION, INC.
Voting Record
Submitted and Reported Favorably as Committee
Total
10
Yes
9
No
0
Present
0
Not Voting
0
Abstain
0
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
State-Federal Tax Decoupling
The bill demonstrates a consistent policy of 'decoupling' Florida's tax code from federal bonus depreciation rules to protect state revenue, requiring a multi-year recovery process for taxpayers.
Connected Entities
Sources
openstates.org
Analysis Score
0–100- Significance80How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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