FL S0128

Creates a $1,500 corporate income tax credit per qualified employee for new small businesses, with a maximum total credit of $21,000 per business

Defines "new small business" as a company with fewer than 15 qualified employees at a Florida site that has been conducting taxable activity for 24 months or less

Qualified employees must work an average of at least 36 hours per week for at least 3 months

Businesses may only claim this tax credit once and cannot receive it as a refund of previously paid taxes; unused credit may be carried forward for 1 taxable year

Requires businesses to apply to the Department of Revenue, which must respond within 15 business days with approval or identification of application insufficiencies