FL S2578

Creates a tax credit for a business conducting advanced clean energy research and development at the John F. Kennedy Space Center, with Space Florida approval authority over a single eligible applicant.

Provides a three-component credit totaling up to $27 million over 9 years: $3 million upon agreement execution, $3 million upon approval, and $3 million upon construction start, with a $6 million annual cap and 10-year carryforward period.

Requires applicants to demonstrate at least $50 million in liabilities for facility planning and design, $20 million investment by 2014, sponsored research agreement, median wages at 200 percent of federal minimum wage, and preference for Florida vendors.

Grants Space Florida authority to revoke certification and forfeit previously claimed or available credits if the business fails to meet investment requirements, provides false information, or violates agreement terms.

Authorizes Department of Revenue to audit and investigate credit claims, with deficiency notices available within 3 years of credit claim or final Space Florida revocation order.