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FL H0311

Bill

Official Source

Status

Failed

3/11/2016

Primary Sponsor

Edwin Narain

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Increases the annual cap on research and development tax credits for all business enterprises from $9 million to $23 million per calendar year
  • Removes the transitional provision that set a $23 million cap specifically for the 2016 calendar year
  • Applications for qualified research expenses must be filed with the department between March 20 and March 27 for expenses incurred in the preceding calendar year
  • Credits are allocated on a prorated basis if total applications exceed the maximum allowed amount
  • Effective date: July 1, 2016

Legislative Description

Research and Development Tax Credit

Last Action

Died in Economic Development and Tourism Subcommittee

3/11/2016

Committee Referrals

Economic Development And Tourism Subcommittee10/30/2015

Full Bill Text

No bill text available