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FL S1182
Bill
Status
Introduced
1/6/2026
Primary Sponsor
Military and Veterans Affairs, Space, and Domestic Security
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AI Summary
- Waives all Department of State fees for new and existing veteran-owned or military spouse-owned businesses established between July 1, 2026, and June 30, 2031
- Provides eligible businesses a $100,000 annual corporate income tax exemption for 5 years, with 100% veteran/military spouse-owned businesses qualifying after 5 years in operation and 51%+ owned businesses qualifying after 7 years
- Grants a one-time sales tax exemption for business equipment and supplies purchases during the first year of operation or upon meeting income thresholds
- Limits eligibility to businesses with 200 or fewer employees, net worth of $5 million or less, domiciled in Florida, and at least 51% owned and operated by veterans or military spouses
- Requires the Department of Veterans' Affairs to verify eligible businesses and submit annual reports to the Governor and Legislature beginning December 31, 2026
Legislative Description
Business Development Incentives for Veterans and Military Spouses
Last Action
CS by Military and Veterans Affairs, Space, and Domestic Security read 1st time
2/18/2026
Committee Referrals
Finance and Tax2/12/2026
Full Bill Text
No bill text available