Tourist Development Tax
Administrative Advisory Number 08-05
SUBJECT: Penalty, Interest And Disqualification Of Collection Allowance
ISSUE: Delinquent Costs
DATE:Â March 20, 2008
Penalty:
Delinquent tourist development taxes, paid after the 20th of the month following collection, are subject to a one time, per return, penalty rate of 10% or $50, whichever is greater. *
Interest:
Delinquent tourist development taxes are also subject to interest, which is assessed daily at a variable rate (updated on January 1st and July 1st of each year). The rate is established by the executive director of the Florida Department of Revenue.**
Collection Allowance Disqualification:
Delinquent tourist tax returns do not qualify for the collection allowance.***
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*Florida Statutes 212.12(2)(a)
**Florida Statute 213.235
***Florida Statute 212(1)(a)