FL H0427

Creates the Florida Student Internship Tax Credit allowing businesses a corporate income tax credit of up to $3,600 per student intern hired within the student's field of study.

Requires businesses to have been in continuous existence for at least 3 years, claim credits for no more than 2 student interns per tax year, and hire interns for no more than 180 days.

Requires student interns to have earned at least 30 semester hours from an accredited college, trade school, or university and maintain at least a 2.0 grade point average while employed.

Tax credit equals 50 percent of wages paid to the student intern, subject to the $3,600 per-student cap per tax year.

Allows businesses to carry forward unused tax credits for up to 2 years and authorizes the Department of Revenue to adopt rules governing applications.

Effective date: July 1, 2015.