For the state of Florida (when filing corporate state income taxes) are there an

Question

For the state of Florida (when filing corporate state income taxes) are there any of the following types of gross receipts included in the sales factor? (i) Interest on trade receivables (ii) Interest on short-term investments of working capital (iii) Dividends to the extent included in taxable income (iv) Royalties on business property (v) Capital gains from sales of intangible business property (vi) Gains from the sale of fixed assets such as machinery and equipment Is there a sales factor throwback rule?

Explanation / Answer

None of the above mentioned receipts are included in sales factor calculation.

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