Form DR-17C "Suggested Format for Florida Sales and Use Tax Irrevocable Letter of Credit" - Florida

What Is Form DR-17C?

This is a legal form that was released by the Florida Department of Revenue - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on November 1, 2015;
  • The latest edition provided by the Florida Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form DR-17C by clicking the link below or browse more documents and templates provided by the Florida Department of Revenue.

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Download Form DR-17C "Suggested Format for Florida Sales and Use Tax Irrevocable Letter of Credit" - Florida

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Suggested Format for
DR-17C
R. 11/15
Florida Sales and Use Tax
Irrevocable Letter of Credit
The following letter must be printed on financial institution letterhead:
Irrevocable Letter of Credit
Applicant:
[Name and address of Business Partner/Certificate Holder]
Beneficiary:
State of Florida Department of Revenue
[Name and address of local taxpayer Service Center]
Dear Sir or Madam:
We hereby establish our Irrevocable Letter of Credit No. ______ dated __________ in the name of the State of Florida
Department of Revenue for the account of [name of Business Partner/Certificate Holder for which the Irrevocable
Letter of Credit is being issued] in an aggregate amount not to exceed $________ (United States Dollars) available
against your draft(s) at sight drawn on [Financial Institution], [City], [State], bearing the clause “drawn under
[Financial Institution] Irrevocable Letter of Credit No. _____ dated _______” and accompanied by: a statement signed
by a duly authorized official acting on behalf of the Florida Department of Revenue, certifying that “the amount of the
accompanying sight draft is due and payable to the Florida Department of Revenue because [Business Partner/
Certificate Holder for which the Irrevocable Letter of Credit is being issued] has failed to pay applicable tax, surtax,
fee, surcharge, interest, or penalty imposed by or administered by the Department of Revenue pursuant to Chapter 212,
Florida Statutes; and a copy of this Irrevocable Letter of Credit.
This Irrevocable Letter of Credit is in lieu of other security for the above referenced entity for which the Irrevocable Letter
of Credit is being issued, pursuant to Chapter 212, Florida Statutes, and is conditioned upon compliance with [Business
Partner/Certificate Holder’s] tax or fee liability and the conditions of any compliance agreement entered into between
[Business Partner] and the Florida Department of Revenue.
This Irrevocable Letter of Credit shall expire on [date at least 18 months after the date of issuance]. [Financial
Institution] shall notify the Florida Department of Revenue of the expiration or termination of this Irrevocable Letter of
Credit by certified mail to the address indicated above at least 60 days prior to the expiration or termination.
The Florida Department of Revenue shall have the right to draw upon this Irrevocable Letter of Credit at any time up to
and including the expiration or termination date, up to the aggregate amount, less any prior drafts.
This credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 revision), International
Chamber of Commerce, Publication Number 500, and engages us in accordance with its terms.
We hereby engage with you that drafts drawn under and in compliance with the terms of this credit will be duly honored
when presented at [name and address of Financial Institution], on or before [expiration date].
Sincerely,
(Signature of Authorized Bank Officer)
Bank Officer Name and Title
Suggested Format for
DR-17C
R. 11/15
Florida Sales and Use Tax
Irrevocable Letter of Credit
The following letter must be printed on financial institution letterhead:
Irrevocable Letter of Credit
Applicant:
[Name and address of Business Partner/Certificate Holder]
Beneficiary:
State of Florida Department of Revenue
[Name and address of local taxpayer Service Center]
Dear Sir or Madam:
We hereby establish our Irrevocable Letter of Credit No. ______ dated __________ in the name of the State of Florida
Department of Revenue for the account of [name of Business Partner/Certificate Holder for which the Irrevocable
Letter of Credit is being issued] in an aggregate amount not to exceed $________ (United States Dollars) available
against your draft(s) at sight drawn on [Financial Institution], [City], [State], bearing the clause “drawn under
[Financial Institution] Irrevocable Letter of Credit No. _____ dated _______” and accompanied by: a statement signed
by a duly authorized official acting on behalf of the Florida Department of Revenue, certifying that “the amount of the
accompanying sight draft is due and payable to the Florida Department of Revenue because [Business Partner/
Certificate Holder for which the Irrevocable Letter of Credit is being issued] has failed to pay applicable tax, surtax,
fee, surcharge, interest, or penalty imposed by or administered by the Department of Revenue pursuant to Chapter 212,
Florida Statutes; and a copy of this Irrevocable Letter of Credit.
This Irrevocable Letter of Credit is in lieu of other security for the above referenced entity for which the Irrevocable Letter
of Credit is being issued, pursuant to Chapter 212, Florida Statutes, and is conditioned upon compliance with [Business
Partner/Certificate Holder’s] tax or fee liability and the conditions of any compliance agreement entered into between
[Business Partner] and the Florida Department of Revenue.
This Irrevocable Letter of Credit shall expire on [date at least 18 months after the date of issuance]. [Financial
Institution] shall notify the Florida Department of Revenue of the expiration or termination of this Irrevocable Letter of
Credit by certified mail to the address indicated above at least 60 days prior to the expiration or termination.
The Florida Department of Revenue shall have the right to draw upon this Irrevocable Letter of Credit at any time up to
and including the expiration or termination date, up to the aggregate amount, less any prior drafts.
This credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 revision), International
Chamber of Commerce, Publication Number 500, and engages us in accordance with its terms.
We hereby engage with you that drafts drawn under and in compliance with the terms of this credit will be duly honored
when presented at [name and address of Financial Institution], on or before [expiration date].
Sincerely,
(Signature of Authorized Bank Officer)
Bank Officer Name and Title