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FL H7071

Bill

Official Source

Status

Introduced

4/21/2023

Primary Sponsor

Appropriations Committee

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Increases the annual cap for contaminated site rehabilitation tax credits from $10 million to $36.1 million beginning in fiscal year 2023-2024 and continuing in each subsequent fiscal year
  • Maintains the fiscal year 2021-2022 cap of $27.5 million as a historical baseline
  • Amends sections 220.1845 and 376.30781 of Florida Statutes to update tax credit limitations
  • Applies to credits for drycleaning solvent-contaminated sites and brownfield sites in designated brownfield areas
  • Effective date of July 1, 2023

Legislative Description

Contaminated Site Rehabilitation Tax Credit

Last Action

Died on Second Reading Calendar

5/5/2023

Full Bill Text

No bill text available