FL H1183

Creates the "Main Street Historical Tourism and Revitalization Act," establishing a state tax credit of 20% (up to $200,000) of qualified rehabilitation expenses for certified historic structures, or 30% (up to $200,000) for structures located within an Active Main Street or Orlando Main Streets local program area, effective for taxable years beginning on or after January 1, 2025.

Caps the total tax credits granted to all taxpayers at $25 million per state fiscal year, with a per-taxpayer limit of $1 million per development project; credits are awarded on a first-come, first-served basis, and excess applications roll forward to the following fiscal year.

Allows tax credits to be applied against both the corporate income tax and the insurance premium tax, with unused credits eligible for carryforward up to 5 taxable years and permitted to be sold or transferred to other taxpayers (limited to two transactions per credit).

Requires applicants to obtain National Park Service certification that the rehabilitation meets the Secretary of the Interior's Standards and to submit an audited cost report from a certified public accountant itemizing qualified expenses.

Directs the Department of Revenue to submit an annual report to the Legislature by December 1 detailing aggregate construction employment, building reuse, affordable housing units created or preserved, and property value changes resulting from certified rehabilitations.