AA 08-05 Penalty

Chris Rudolph Local Business Activities

Tourist Development Tax
Administrative Advisory Number 08-05

SUBJECT: Penalty, Interest And Disqualification Of Collection Allowance

ISSUE: Delinquent Costs

DATE:  March 20, 2008


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. *


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.***


*Florida Statutes 212.12(2)(a)

**Florida Statute 213.235

***Florida Statute 212(1)(a)