FL H0311

Creates the "Homebuyer Workforce Tax Credit" allowing employers to receive a 100% tax credit for contributions of at least $1,000 to eligible employees for down payments and closing costs on home purchases, with a maximum credit of $5,000 per employee and $500,000 per employer annually

Eligible employees must be full-time Florida residents with moderate income who have not owned a homestead property in the previous 3 calendar years

Credits may be applied against corporate income tax or insurance premium tax, with unused credits carrying forward up to 5 years; credits cannot be sold or transferred to other entities

Maximum annual tax credit amount capped at $5 million statewide for fiscal years 2026-2027, 2027-2028, and 2028-2029

Program begins October 1, 2026 for applications and January 1, 2027 for tax credit claims; scheduled to repeal January 1, 2030 unless reenacted by the Legislature