Florida DOR Revises TIP, Updates Gross Receipts Tax Index Prices for Utilities

The Florida Department of Revenue (DOR) issued a revised tax information publication, correcting a mislabeled table from the original publication dated May 20, 2026, and announcing updated gross receipts tax index prices for natural gas, manufactured gas, and electricity distribution companies. Effective July 1, 2026, distribution companies must apply the new index prices when calculating the 2.5 percent gross receipts tax on customer bills dated on or after that date through June 30, 2027, using Form DR-133 for tax reporting. The index prices are derived from the U.S. Energy Information Administration’s April 30, 2026, Natural Gas Monthly and Electric Power ...