FL H0099

Creates the Florida Internship Tax Credit Program allowing qualified businesses to receive a corporate income tax credit for previously paid taxes equal to the lesser of $2,000 or wages paid to a degree-seeking student intern.

Defines eligible degree-seeking students as seniors at state universities, Florida College System institutions, career centers, charter technical career centers, or graduate students enrolled at state universities.

Requires the intern to have worked full-time for at least 9 consecutive weeks and maintained a minimum 2.0 grade point average at the start of the internship.

Requires qualified businesses to employ at least 20 percent of their previous interns on a full-time basis to claim the credit, with a reduced threshold of at least one retained intern for businesses with 10 or fewer full-time employees.

Caps tax credits at $10,000 per business per tax year and allows unused credits to be carried forward for up to 2 years, effective for taxable years beginning January 1, 2018.