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The 2022 legislative session begins today and, despite the pandemic, Florida is in an enviable fiscal position. The state’s current budget is record in size, as are our budget reserves. Revenue collections are back above pre-pandemic levels, and this Legislature will have even more money available for the next budget cycle, made possible by both strong economic performance and billions in unappropriated federal funds.

Florida TaxWatch Announces Taxpayer Priorities for 2022 Legislative Session

Press Releases

Tallahassee, Fla. – Today, Florida TaxWatch released a list of taxpayer priorities for the 2022 Legislative Session, which begins next Tuesday, January 11 and adjourns on Friday, March 11. The list reflects a range of issues that the independent, nonpartisan research institute dedicated to serving as “the eyes and ears of Florida’s taxpayers” has examined and will continue to closely monitor during the upcoming session.

Corporate Income Tax Issues for the 2022 Legislature

COVID Recovery, Research, Taxes

Federal corporate income tax reform, which had the general aim of broadening the base and lowering the rate, has reduced the federal tax burden on many corporations. However, since Florida adopted most of the base expansion measures without a concurrent rate reduction, federal tax reform has resulted in increased taxes at the state level, even after subsequent state refunds and rate cuts.

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