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FL H1377

Bill

Official Source

Status

Failed

6/16/2025

Primary Sponsor

Leonard Spencer

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Increases the annual cap on Florida's research and development tax credit under s. 220.196, F.S., from $9 million to $50 million for all business enterprises combined
  • Removes obsolete language that provided a one-time $16.5 million cap for the 2018 calendar year
  • Retains the existing application window of March 20 through March 27 for qualified research expenses incurred in the preceding calendar year, with pro-rata allocation if total applications exceed the cap
  • First applies to the 2026 allocation of tax credits for expenses incurred in calendar year 2025
  • Takes effect July 1, 2025

Legislative Description

Research and Development Tax Credit

Last Action

Died in Ways & Means Committee

6/16/2025

Committee Referrals

Ways and Means Committee3/5/2025

Full Bill Text

No bill text available