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FL S1958
Bill
Status
3/5/2011
Primary Sponsor
Christopher Smith
Click for details
AI Summary
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Creates a $500 annual corporate income tax credit for each new green job created in renewable energy industries, available for tax years 2012-2017, with a maximum of 350 jobs per taxpayer per year.
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Defines "green job" as employment in renewable and alternative energy fields including solar, wind, geothermal, biomass, hydrogen fuel cells, and hydropower, requiring minimum 35 hours per week for 48 weeks annually or 1,680 hours per year.
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Allows tax credits only after a job has been filled for at least one year with a minimum annual salary of $50,000, with unused credits carrying forward through 2017.
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Prohibits taxpayers from claiming the green job credit and the enterprise zone new job credit for the same position and disqualifies jobs transferred from one state location to another.
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Establishes a Green Collar Jobs Council within the Agency for Workforce Innovation comprised of representatives from education, business, transportation, housing, and employment sectors to develop workforce training strategies for green economy industries.
Legislative Description
Green Job Creation
Last Action
Indefinitely postponed and withdrawn from consideration
5/7/2011