220.194 – Corporate income tax credits for spaceflight projects.
220.194 Corporate income tax credits for spaceflight projects.— (1) SHORT TITLE.—This section may be cited as the “Florida Space Business Incentives Act.” (2) PURPOSE.—The purpose of this section is to create incentives to attract launch, payload, research and development, and other space business to this state. (3) DEFINITIONS.—As used in this section, the term: (a) “Administrative support” means that 51 […]
220.195 – Emergency excise tax credit.
220.195 Emergency excise tax credit.— (1) Beginning with taxable years ending in 2012, a taxpayer who has earned, but not yet taken, a credit for emergency excise tax paid under former s. 221.02 may take such credit against the tax imposed by this chapter. (2) If a credit granted pursuant to this section is not fully used in […]
220.196 – Research and development tax credit.
220.196 Research and development tax credit.— (1) DEFINITIONS.—As used in this section, the term: (a) “Base amount” means the average of the business enterprise’s qualified research expenses in this state allowed under 26 U.S.C. s. 41 for the 4 taxable years preceding the taxable year for which the credit is determined. The qualified research expenses taken into account […]
220.198 – Internship tax credit program.
1220.198 Internship tax credit program.— (1) This section may be cited as the “Florida Internship Tax Credit Program.” (2) As used in this section, the term: (a) “Full time” means at least 30 hours per week. (b) “Qualified business” means a business that is in existence and has been continuously operating for at least 3 years. (c) “Student intern” means a […]
220.1899 – Entertainment industry tax credit.
220.1899 Entertainment industry tax credit.— (1) There shall be a credit allowed against the tax imposed by this chapter in the amounts awarded by the Department of Economic Opportunity under the entertainment industry financial incentive program in s. 288.1254. (2) A qualified production company as defined in s. 288.1254 that is awarded a tax credit under s. 288.1254 […]
220.19 – Child care tax credits.
220.19 Child care tax credits.— (1) If the credit granted under this section is not fully used in any one year because of insufficient tax liability on the part of the corporation, the unused amount may be carried forward for a period not to exceed 5 years. The carryover credit may be used in a subsequent year […]
220.191 – Capital investment tax credit.
220.191 Capital investment tax credit.— (1) DEFINITIONS.—For purposes of this section: (a) “Commencement of operations” means the beginning of active operations by a qualifying business of the principal function for which a qualifying project was constructed. (b) “Cumulative capital investment” means the total capital investment in land, buildings, and equipment made in connection with a qualifying project during the […]
220.1915 – Credit for qualified railroad reconstruction or replacement expenditures.
1220.1915 Credit for qualified railroad reconstruction or replacement expenditures.— (1) For purposes of this section: (a) “Qualified expenditures” means gross expenditures made in this state by a qualifying railroad during the taxable year in which the credit is claimed, provided such expenditures were made on track that was owned or leased by a qualifying railroad, and were: 1. For […]
220.193 – Florida renewable energy production credit.
220.193 Florida renewable energy production credit.— (1) The purpose of this section is to encourage the development and expansion of facilities that produce renewable energy in Florida. (2) As used in this section, the term: (a) “Commission” means the Public Service Commission. (b) “Department” means the Department of Revenue. (c) “Expanded facility” means a Florida renewable energy facility that increases its […]
220.181 – Enterprise zone jobs credit.
220.181 Enterprise zone jobs credit.— (1)(a) There shall be allowed a credit against the tax imposed by this chapter to any business located in an enterprise zone which demonstrates to the department that, on the date of application, the total number of full-time jobs is greater than the total was 12 months before that date. The credit […]