As a result of net tax collections exceeding forecasted collections by approximately USD 2.4 billion, the U.S. State of Florida will continue a temporary cut in its general corporate income tax rate and franchise tax rate in accordance with statute 220.1105. According to a recent release from the Florida Office of Economic and Demographic Research, the temporary tax rate reduction and refund provisions of statute 220.1105 will, once again, be triggered for taxable years beginning on or after 1 January 2021 and before 1 January 2022. As provided by the Florida Department of Revenue, the applicable corporate tax rate is...