The 2023 Florida Statutes (including Special Session C)

Title XIV
TAXATION AND FINANCE

Chapter 220
INCOME TAX CODE

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F.S. 220.12

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.

F.S. 220.12 on Google Scholar

F.S. 220.12 on Casetext

Amendments to 220.12

Arrestable Offenses / Crimes under Fla. Stat. 220.12

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 220.12.

Annotations, Discussions, Cases:

Cases from cite.case.law:

GOLDMAN B. v. CITIGROUP GLOBAL MARKETS INC. FINRA, 834 F.3d 242 (3d Cir. 2016)

. . . . § 220.12, when it concluded that no margin call had occurred. (App. 298.) . . . UBS Sec., LLC, 711 F.3d 322, 328 (2d Cir. 2013) (quoting 12 C.F.R. § 220.12(a)). . . . , we agree with the District Court that the Goldmans’ invocation of 15 U.S.C. § 78g and 12 C.F.R. § 220.12 . . . In the portion of 12 C.F.R. § 220.12 relied upon by the Goldmans, the regulation provides: The required . . . Id. § 220.12(a). . . . .

WC CAPITAL MANAGEMENT, LLC, L. P. a L. P. a v. UBS SECURITIES, LLC, a UBS AG, a, 711 F.3d 322 (2d Cir. 2013)

. . . . § 220.12(a) (setting initial margin requirements for certain equity securities at “50 percent of the . . .

HERSHEY E. v. ENERGY TRANSFER PARTNERS, L. P. ETC E. v. L. P. LA L. P. ETC, 610 F.3d 239 (5th Cir. 2010)

. . . . §§ 220.12 & 220.13. . . .

MARRIOTT INTERNATIONAL RESORTS, L. P. JBS v. UNITED STATES,, 586 F.3d 962 (Fed. Cir. 2009)

. . . . §§ 220.5(b)(1), 220.12(d) (1994). . . . higher initial posted margin, equal to 150 percent of the market value of the security. 12 C.F.R. § 220.12 . . .

MARRIOTT INTERNATIONAL RESORTS, L. P. JBS v. UNITED STATES,, 586 F.3d 962 (Fed. Cir. 2009)

. . . . §§ 220.5(b)(1), 220.12(d) (1994) Only items in MORI’s margin account in which the short sales were . . . higher initial posted margin, equal to 150 percent of the market value of the security. 12 C.F.R. § 220.12 . . .

MARRIOTT INTERNATIONAL RESORTS, L. P. v. UNITED STATES,, 83 Fed. Cl. 291 (Fed. Cl. 2008)

. . . . §§ 220.5(b)(1), 220.12(d) (1994). . . . higher initial posted margin, equal to 150 percent of the market value of the security. 12 C.F.R. § 220.12 . . .

MONROE, v. H. KUHLMAN,, 436 F. Supp. 2d 474 (E.D.N.Y. 2006)

. . . . & Regs. tit. 22, § 220.12 (2005) (juror notebooks); N.Y. . . .

In MANHATTAN INVESTMENT FUND LTD. v., 310 B.R. 500 (Bankr. S.D.N.Y. 2002)

. . . . § 220.12(c)(1); see id. . . .

BEAR, STEARNS SECURITIES CORP. v. GREDD,, 275 B.R. 190 (S.D.N.Y. 2002)

. . . . § 220.12(c)(1); see also Levitin, 159 F.3d at 701; Federal Reserve Staff Opinion, Aug. 28, 1981, F.R.R.S . . .

BERNARD EGAN COMPANY v. STATE DEPARTMENT OF REVENUE,, 769 So. 2d 1060 (Fla. Dist. Ct. App. 2000)

. . . See §§ 220.12, .13, Fla. Stat. (1997). . . .

In ADLER, COLEMAN CLEARING CORP. B. SIPC v., 247 B.R. 51 (Bankr. S.D.N.Y. 1999)

. . . . '§ 220.12(d)(1). . . . extended, the credit shall be subject to the margin specified in § 220.18 (the Supplement). 12 C.F.R. § 220.12 . . .

BARNETT BANKS, INC. v. DEPARTMENT OF REVENUE,, 738 So. 2d 502 (Fla. Dist. Ct. App. 1999)

. . . See §§ 220.11, 220.12, & 220.13, Fla. Stat. (1997). . . .

APPLE CORPS LIMITED, MPL As v. INTERNATIONAL COLLECTORS SOCIETY, E. L. B. E., 25 F. Supp. 2d 480 (D.N.J. 1998)

. . . research: $ 5,486.31 $ 1,371.58 Duplicating costs: $ 5,077.04 $ 1,269.26 Delivery charges: $ 880.49 $ 220.12 . . .

LEVITIN, v. PAINEWEBBER, INC., 159 F.3d 698 (2d Cir. 1998)

. . . . § 220.12(c)(1). The New York Stock Exchange imposes separate margin requirements for short sales. . . . T, 12 C.F.R. § 220.12(c). . . . See 12 C.F.R. § 220.12(c) & (d). . . .

UNITED SERVICES AUTOMOBILE ASSOCIATION, v. J. PERRY,, 102 F.3d 144 (5th Cir. 1996)

. . . benefits in cases involving personal injuries resulting from operation of a motor vehicle., 32 CFR § 220.12 . . . Therefore, I would not follow the Department of Defense regulation defining no-fault insurance, 32 CFR § 220.12 . . . medical expenses resulting from personal injuries arising from operation of a motor vehicle." 32 CFR § 220.12 . . . . § 220.12(i) (1995). . . .

UNITED SERVICES AUTOMOBILE ASSOCIATION, v. J. PERRY,, 92 F.3d 295 (5th Cir. 1996)

. . . . § 220.12(i). USAA argues that the regulations are incorrect. . . . Therefore, I would not follow the Department of Defense regulation defining no-fault insurance, 32 C.F.R. § 220.12 . . . medical expenses resulting from personal injuries arising from operation of a motor vehicle.” 32 CFR § 220.12 . . . . § 220.12© (1995). . . .

ARIAS, v. UNITED STATES SERVICE INDUSTRIES, INC., 80 F.3d 509 (D.C. Cir. 1996)

. . . . § 36-220.12 (1993), and because it is also undisputed that $4.75 per hour was the lowest minimum wage . . .

UNITED SERVICES AUTOMOBILE ASSOCIATION, v. J. PERRY,, 886 F. Supp. 596 (W.D. Tex. 1995)

. . . . § 220.12(a)(1), (2). . . . coverage for expenses incurred by a beneficiary for health or medical services and supplies.” 32 C.F.R. § 220.12 . . . The Court further declines to give deference to DOD regulations, 32 C.F.R. § 220.12(f) and (i). . . .

DOE, v. AMERICAN NATIONAL RED CROSS,, 798 F. Supp. 301 (E.D.N.C. 1992)

. . . . §§ 90-220.12 et seq. . . .

E. HARRIS, v. RAILROAD RETIREMENT BOARD,, 948 F.2d 123 (2d Cir. 1991)

. . . Former section 208.10 is now section 220.12. . . .

DEPARTMENT OF REVENUE, v. FIRST UNION NATIONAL BANK OF FLORIDA,, 513 So. 2d 114 (Fla. 1987)

. . . January 1, 1972, shall be prorated in the manner prescribed for the proration of net income under s. 220.12 . . .

FIRST UNION NATIONAL BANK OF FLORIDA, a a v. FLORIDA DEPARTMENT OF REVENUE, D., 502 So. 2d 964 (Fla. Dist. Ct. App. 1987)

. . . January 1, 1972, shall be prorated in the manner prescribed for the proration of net income under s. 220.12 . . .

NATIONAL SOFT DRINK ASSOCIATION, v. R. BLOCK,, 721 F.2d 1348 (D.C. Cir. 1983)

. . . .-15h and 220.12. B. . . .

DEPARTMENT OF REVENUE A. v. PARKER BANANA COMPANY, a, 391 So. 2d 762 (Fla. Dist. Ct. App. 1980)

. . . The pertinent sections of the Florida Corporate Income Tax Law are sections 220.11(1), 220.12(1), 220.15 . . .

DEPARTMENT OF REVENUE v. BRUNNER ENTERPRISES, INC., 390 So. 2d 713 (Fla. 1980)

. . . . §§ 220.12, 220.13, Fla.Stat. (1973). . . . corporation doing business in Florida should include the gain in the tax base as described in sections 220.12 . . .

COMMUNITY NUTRITION INSTITUTE v. BERGLAND NATIONAL SOFT DRINK ASSOCIATION, v. BERGLAND, 493 F. Supp. 488 (D.D.C. 1980)

. . . . §§ 210.2, 210.15b, 220.2, 220.12). . . . .

BELLAVIA, v. FOGG,, 613 F.2d 369 (2d Cir. 1979)

. . . Penal Law § 220.15 (now § 220.12). On April 4, 1973, Justice John J. . . .

BUCHWALD ENTERPRISES, INC. v. FLORIDA DEPARTMENT OF REVENUE,, 375 So. 2d 861 (Fla. Dist. Ct. App. 1979)

. . . legislature that the tax imposed by this code shall be prospective in effect only . . . ” In Section 220.12 . . .

ROGER DEAN ENTERPRISES, INC. v. DEPARTMENT OF REVENUE, 371 So. 2d 101 (Fla. Dist. Ct. App. 1978)

. . . Section 220.12(1), Florida Statutes (1973). . . . .

STAN MUSIAL BIGGIE S, INC. v. STATE DEPARTMENT OF REVENUE,, 363 So. 2d 375 (Fla. Dist. Ct. App. 1978)

. . . Section 220.12(1). . . .

CLEARWATER FEDERAL SAVINGS LOAN ASSOCIATION, v. DEPARTMENT OF REVENUE, 350 So. 2d 1134 (Fla. Dist. Ct. App. 1977)

. . . Section 220.12(1). . . .

CARMONA, v. WARD,, 436 F. Supp. 1153 (S.D.N.Y. 1977)

. . . See, e. g., Penal Law §§ 220.12; 220.34(2); 220.37(2); 220.39(2); 220.55. . . .

HEFTLER CONSTRUCTION CO. AND SUBSIDIARIES, v. DEPARTMENT OF REVENUE, 334 So. 2d 129 (Fla. Dist. Ct. App. 1976)

. . . . § 220.12(1). . . .

INTERNATIONAL HARVESTER COMPANY, A CORPORATION v. THE UNITED STATES, 169 Ct. Cl. 821 (Ct. Cl. 1965)

. . . the Model M-52 as an example, the amount shown for this overhead component on plaintiff’s bid was $220.12 . . .

v., 32 B.T.A. 125 (B.T.A. 1935)

. . . Transfer tax paid_ 204. 98 Loss on stock sold to employees pursuant to allotment of July 1, 1927- 429, 220.12 . . .

G. M. STANDIFER CONSTRUCTION CORPORATION VANCOUVER HOME CO., 4 B.T.A. 525 (B.T.A. 1926)

. . . deducted by Commissioner_ 399,911. 64 Amortization on house facilities_ 307,420. 55 Total- 2, 671, 220.12 . . .