The IRS has granted tax relief for individuals and businesses in Florida that were affected by severe storms on May 10, 2024. Baker, Columbia, Gadsden, Hamilton, Jefferson, Lafayette, Leon, Liberty, Madison, Santa Rosa, Suwannee, Taylor, and Wakulla counties qualify.
Advocacy Alert
Florida Gov. Ron DeSantis on Wednesday signed HB 5001 – General Appropriation Act, commonly referred to as the state budget, for fiscal year 2024-25.
HR 5863 by Congressman Greg Stuebe (R-FL) provides key disaster relief to individuals impacted by Hurricane Ian. The bill resolves issues around tax rules relating to personal losses during declared disasters.
Florida's 2024 tax package includes the FICPA-priority language for automatic tax extensions when a state of emergency has been declared within five days of a deadline.
“We want to thank Gov. DeSantis for signing this great bill, CPA Lawmakers Rep. Caruso and Sen. Gruters for sponsoring it, and the entire Legislature for supporting the profession. This is a proud day in our history,” FICPA President & CEO Shelly Weir said.
Sen. Joe Gruters on Thursday filed Senate Bill 954, the companion bill to HB 813, already filed by Rep. Mike Caruso, that would create a new “retired status” license category for CPAs.
Rep. Mike Caruso on Monday filed House Bill 813 - Certified Public Accountants in the Florida House. This bill – which is among the FICPA’s 2024 legislative priorities – creates a new “retired status” license category for CPAs.