FL S0840

Creates the "Florida Internship Tax Credit Program" providing a corporate income tax credit of up to $2,000 per intern (or actual wages paid, whichever is less) for qualified businesses that hire degree-seeking student interns

Eligible interns must be seniors at state universities, Florida College System institutions, career centers, charter technical career centers, or graduate students, with a minimum 2.0 GPA, who worked full-time for at least 9 consecutive weeks

Qualified businesses must have operated continuously for at least 3 years and demonstrate that at least 20% of current full-time employees were previously interns at that business

Small businesses averaging 10 or fewer full-time employees over the prior 3 years qualify if they employ at least one former intern full-time

Maximum tax credit per business is capped at $10,000 per taxable year, with unused credits eligible for carryforward up to 2 years; effective for taxable years beginning January 1, 2020