FL S0266

Creates a $1,000 tax credit for corporations that hire homeless persons residing in emergency shelters or transitional/permanent supportive housing facilities, effective for tax years beginning January 1, 2012.

Requires continuously employed homeless hires to work at least 80 hours per 30-day period and remain employed for at least 6 months to qualify for the credit; credit allowed only once per new employee.

Corporations must submit applications by February 1 annually with documentation including employee name, SSN, facility address, and proof of residency, plus wage information for all qualifying employees.

Limits total tax credits to $2 million per calendar year, allocated on a pro rata basis if applications exceed the cap; unused credits may be carried forward for up to 5 years.

Establishes penalties of 200 percent of fraudulently claimed credits plus interest and a third-degree felony conviction; requires Department of Revenue to collect wage data through December 31, 2022 to evaluate whether tax revenue generated outweighs costs.