FL H1041

Department of State must waive all business registration fees for new businesses established by veterans or military spouses, and for existing veteran/military spouse-owned businesses relocating to Florida, between July 1, 2026 and June 30, 2031

Eligible businesses receive a 5-year corporate income tax exemption: 100% veteran/military spouse-owned businesses qualify after 5 years in operation; 51%+ owned businesses qualify after 7 years in operation

One-time sales tax exemption provided on equipment and supplies directly related to business operations

Qualifying businesses must have 200 or fewer full-time employees, net worth of $5 million or less, be Florida-domiciled, and be at least 51% owned and operated by veterans or military spouses

Department of Veterans' Affairs required to submit annual reports beginning December 31, 2026, detailing number of participating businesses, job creation, tax revenue impact, and demographic data