Colgate-Palmolive Co. v. Florida Department of Revenue

ON MOTION FOR REHEARING

WOLF, J.

We deny appellant’s motion for rehearing, but we withdraw this court’s previous opinion and substitute the corrected opinion to correct a sentence, which appears on page 7 of the original opinion. The corrected sentence reads as follows:

Unlike Iowa, Florida does allow a business to subtract its foreign tax credit dividends from its income calculation while limiting the credit’s subtraction’s use to the year in which it-is those dividends are received, rather than allowing the credit subtraction to be carried into the next year, as the federal government allows.

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