FL H0459

Establishes a $1,000 annual tax credit for corporations that hire homeless persons residing in transitional housing facilities, beginning January 1, 2011, if the employee is continuously employed for at least 6 months.

Defines "homeless person" as an individual whose primary nighttime residence is at a transitional housing facility that receives federal homeless assistance funding from the Department of Housing and Urban Development.

Requires corporations applying for the credit to submit employee information by February 1 each year, including the employee's name, social security number, transitional housing facility address, and documentation of residency.

Caps total annual tax credits at $2 million per calendar year; if applications exceed this limit, credits are granted on a pro rata basis, with any unused balance allowed in the following tax year.

Expires December 31, 2015, with data collection requirements extending to December 31, 2021; establishes penalties of 200 percent of fraudulently claimed credits plus interest and third-degree felony charges.