FL S0774

Creates the Commercialization Credit Transfer Program to allow eligible Florida technology companies to monetize net operating losses into transferable tax credits for corporate income tax purposes.

Requires participating companies to have fewer than 100 employees worldwide (75% in Florida), an active patent application, research grants or investor funding, and no positive net income in the prior 2 years.

Limits individual companies to transferring maximum $1 million in certified credits during their existence and caps total certifications at $3 million per state fiscal year.

Allows purchasers of transferred credits to claim them against corporate income tax on their next return, with unused amounts not eligible for carryforward; companies transferring credits must receive at least 80% of credit value as private financial assistance.

Sunsets the program effective June 30, 2016 unless reenacted by the Legislature; requires annual reporting by certified companies on employment and commercialization progress.