FL S0080

Creates a corporate tax credit equal to 10 percent of payments made by corporations with 300+ employees to small businesses (25 or fewer employees) under written contracts.

Requires small businesses to hire at least 2 new employees within 60 days of contract signing and receive minimum $100,000 in payments within 1 year to qualify for the credit.

Mandates corporations and small businesses submit joint applications to the Department of Economic Opportunity within 90 days of contract signing, including employee information and evidence of job growth.

Prohibits tax credits from being carried forward or backward, sold, or transferred, and caps credits at the corporation's actual tax liability for the year.

Establishes criminal penalties (second-degree misdemeanor) and administrative penalties (100 percent of fraudulently claimed credit plus interest) for fraudulent claims.