FL H1107

Creates a food desert business tax credit equal to 20 percent of annual gross sales against corporate income tax liability for businesses meeting specific criteria.

Defines eligible "food desert businesses" as those with less than $15 million in annual gross sales, purchasing at least 15 percent of inventory from in-state companies, deriving at least 20 percent of gross receipts from nutrient-dense food sales, and operating in designated food desert zones.

Defines "food desert zones" as census tracts with poverty rates of at least 20 percent or median family income at or below 80 percent of state median, where at least 500 persons or 33 percent of the population live more than 1 mile (urban) or 10 miles (rural) from a supermarket.

Requires taxpayer application and Department of Revenue approval to claim the credit, allows unused credits to carry forward up to 2 years, and prohibits credit transfer or sale.

Imposes criminal penalties (second-degree misdemeanor) and administrative liability of 100 percent penalty plus interest for fraudulent claims; requires departmental review and legislative recommendation after 3 taxable years regarding credit continuation.