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FL S1244
Bill
Status
Failed
6/16/2025
Primary Sponsor
Alexis Calatayud
Click for details
AI Summary
- Increases Florida's annual cap on research and development tax credits from $9 million to $50 million for all business enterprises combined
- Removes an obsolete provision that set a special $16.5 million cap for the 2018 calendar year
- Applications for the credit may be filed with the department between March 20 and March 27 for qualified research expenses incurred in the preceding calendar year
- Credits must be allocated on a prorated basis if total applications exceed the $50 million annual cap
- First applies to the 2026 allocation of tax credits for expenses incurred in calendar year 2025, with an effective date of July 1, 2025
Legislative Description
Research and Development Tax Credit
Last Action
Died in Finance and Tax
6/16/2025
Committee Referrals
Finance and Tax3/11/2025
Full Bill Text
No bill text available