FL H0049

Creates the Florida Internship Tax Credit Program allowing qualified businesses to receive a corporate income tax credit for hiring degree-seeking students after their internships, effective for taxable years beginning January 1, 2019.

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

Requires interns to have worked full-time for at least 9 consecutive weeks and maintained a minimum 2.0 grade point average, with tax credits limited to the lesser of $2,000 or the wages previously paid during the internship.

Limits qualified businesses to claiming a maximum tax credit of $10,000 in any one tax year and allows unused credits to be carried forward for up to 2 years.

Requires businesses with 20 or more full-time employees to employ at least 20 percent of their previous interns, while businesses with 10 or fewer average full-time employees need only employ at least one previous intern to qualify for the credit.