1. (1) A limited liability company is an "artificial entity" within the purview of s. 220.02 and is subject to the tax imposed under chapter 220.
2. (2) The income of a limited liability company organized pursuant to this chapter shall be subject to the Florida Income Tax Code and the tax levied pursuant to chapter 220.
3. (3) A distribution shall be deemed a "dividend" under s. 316 of the Internal Revenue Code as such code is defined in s. 220.03.

History.--s. 2, ch. 82-177; s. 73, ch. 83-216; s. 58, ch. 93-284.