Q:

What is the Florida Department of Revenue Form DR14?

A:

Quick Answer

The Florida Department of Revenue's Form DR-14 is the Consumer's Certificate of Exemption, which exempts a nonprofit organization from taxation on purchases or rentals made using its own funds toward fulfilling its organizational purpose. The exemption is available only to organizations holding 501(c)(3) status with the Internal Revenue Service.

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Full Answer

Florida's corporate income tax applies to a 501(c)(3) nonprofit only if it receives business income unrelated to carrying out its organizational purpose. There is a similar provision in the federal government's Internal Revenue Code.

Florida's Not for Profit Corporation Act lacks certain restrictions found in IRC section 501(c)(3). Therefore, many organizations may potentially be recognized as nonprofits by the state of Florida but not by the IRS.

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