- (1) The provisions of Section 213.235, F.S., and this rule apply to all taxes listed in Section 213.05, F.S., except those taxes imposed by chapter 220, F.S. The interest rate provisions of Rule 12C-1.343, F.A.C., apply to the taxes imposed by Chapter 220, F.S.
- (2) (a) The interest rate will be determined pursuant to Section 213.235, F.S., for tax payment deficiencies that arise for taxes due on or after January 1, 2000.
- (b) The interest rate which applies to a specific tax payment deficiency may fluctuate while the deficiency continues, due to the redetermination of the interest rate every six months pursuant to Section 213.235, F.S.
- (c) The interest imposed by Section 213.255, F.S., will be calculated pursuant to Section 213.235, F.S., except that the interest rate applied to a refund cannot exceed 11 percent annually. The provisions of Section 213.255, F.S., and rule Chapters 12-6 and 12-26, F.A.C., govern the circumstances under which interest is due from and paid by the Department on refunds.
- (3) (a) The daily rate of interest computed pursuant to Section 213.235, F.S., and this rule use a year based on 365 days, and 366 days in a leap year.
- (b) This daily rate will be carried out to nine decimal places.
- (4) (a) The interest rate determined pursuant to Section 213.235, F.S., is subject to change on January 1st and July 1st of each year.
(b) The applicable interest rate for any 6-month period can be obtained by any of the following methods:
1. Accessing the Department’s website at floridarevenue.com/taxes/rates.
2. Calling Taxpayer Services during regular business hours at (850)488-6800.
Rulemaking Authority 213.06(1) FS. Law Implemented 213.235, 213.255 FS. History–New 4-2-00, Amended 1-25-12, 12-29-25.