The Florida Legislature
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Office of Program Policy Analysis and Government Accountability

Review of Interest and Penalty Provisions for Taxes Administered by the Department of Revenue, Report No. 96-13, November 1996
 
Full report in PDF format


  • State law requires taxpayers to pay different levels of interest and penalties for late and incorrect tax payments that vary based on the type of tax.
  • The law, however, should be changed to treat taxpayers more consistently and to encourage voluntary compliance with tax laws.
  • The state interest rate charged for corporate income taxpayers is lower than the interest rate charged other taxpayers and may be too low for encouraging timely payment of tax.
  • The penalty for late payment of intangible tax is substantially higher than what is charged for late payment of other taxes and should be reduced.
  • In addition, the Department's process for reviewing and approving penalty waivers is inefficient and does not assure that taxpayers are treated consistently.

Which Government Program Summaries contain related information?

Department of Revenue
General Tax Administration (PB2)

What other OPPAGA-related materials are available?

  • Report No. 98-85 Progress Report: Interest and Penalty Provisions for Taxes Administered by the Department of Revenue, published inĀ  June 1999.

Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
e-mail address: oppaga@oppaga.fl.gov


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