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FL S0888
Bill
Status
Failed
5/2/2014
Primary Sponsor
Larcenia Bullard
Click for details
AI Summary
- Establishes a corporate income tax credit for agribusinesses engaged in agritourism activities that are independently owned, have net worth up to $500,000, and are in their first year of operation
- Allows eligible agribusinesses to claim a tax credit against corporate income tax on their first $250,000 of revenue
- Defines "agritourism activity" as agricultural activities or attractions such as farming, ranching, or horticulture that allow the public to view or enjoy them for recreational, educational, or entertainment purposes
- Adds the new agribusiness tax credit to the order of tax credits that may be applied against corporate income or franchise taxes
- Automatically repeals the tax credit on October 2, 2019, unless reenacted by the Legislature
Legislative Description
Corporate Income Tax
Last Action
Died in Commerce and Tourism
5/2/2014
Committee Referrals
Commerce And Tourism2/10/2014
Full Bill Text
No bill text available