FL S0318

Creates the "Florida Internship Tax Credit Program" allowing qualified businesses to claim a corporate income tax credit of up to $2,000 per degree-seeking student intern, or the actual wages paid, whichever is less, for taxable years beginning January 1, 2019.

Defines "degree-seeking student" as seniors at state universities, Florida College System institutions, school district career centers, charter technical career centers, or graduate students at state universities.

Requires interns to work full-time for at least 9 consecutive weeks and maintain a minimum 2.0 grade point average, with educational institution documentation of enrollment status.

Requires businesses with more than 10 average full-time employees to demonstrate they employ at least 20 percent of their former interns on a full-time basis; smaller businesses (10 or fewer employees) only need to employ at least one former intern.

Caps the annual tax credit at $10,000 per business and allows unused portions to be carried forward for up to 2 years; Department of Revenue authorized to adopt implementing rules.