FL S0236

Creates the Commercialization Credit Transfer Program allowing eligible technology companies to transfer net operating losses as certified credits in exchange for private financial assistance.

Establishes eligibility requirements including: registration in Florida, fewer than 100 employees (75% in-state), independent audit, recent net operating losses, active patent application, and documented business plan for commercialization.

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

Certified credits can be purchased by unaffiliated corporations as a deduction against corporate income tax, must be claimed within one year of transfer, and cannot be carried forward if unused.

Requires certified companies to file annual reports on commercialization progress and directs Department of Economic Opportunity to report to Legislature by February 1 each year; program sunsets June 30, 2017 unless reenacted.