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FL H0847
Bill
Status
Introduced
12/19/2025
Primary Sponsor
Doug Bankson
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AI Summary
- Increases the annual cap on research and development tax credits from $9 million to $50 million for all business enterprises combined
- Removes obsolete language referencing the 2018 calendar year special allocation of $16.5 million
- Applications must be filed with the department between March 20 and March 27 for qualified research expenses incurred in the preceding calendar year
- Credits are prorated among applicants if total requests exceed the annual cap
- Takes effect July 1, 2026, first applying to the 2027 allocation for expenses incurred in calendar year 2026
Legislative Description
Research and Development Tax Credit
Last Action
1st Reading (Original Filed Version)
1/13/2026
Committee Referrals
Ways and Means Committee1/5/2026
Full Bill Text
No bill text available