F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
HB 1293 2022
1 A bill to be entitled
2 An act relating to tax exemptions and tax credits;
3 amending s. 201.25, F.S.; exempting certain federal
4 loans from documentary stamp taxes; amending s.
5 220.196, F.S.; revising upward the amount of money
6 available for research and development tax credits;
7 providing applicability; providing an effective date.
8
9 Be It Enacted by the Legislature of the State of Florida:
10
11 Section 1. Subsection (2) of section 201.25, Florida
12 Statutes, is renumbered as subsection (3), and a new subsection
13 (2) is added to that section to read:
14 201.25 Tax exemptions for certain loans.—There shall be
15 exempt from all taxes imposed by this chapter:
16 (2) Any federal loan that is related to a state of
17 emergency declared by executive order or proclamation of the
18 Governor pursuant to s. 252.36.
19 Section 2. Paragraph (e) of subsection (2) of section
20 220.196, Florida Statutes, is amended to read:
21 220.196 Research and development tax credit.—
22 (2) TAX CREDIT.—
23 (e) The combined total amount of tax credits which may be
24 granted to all business enterprises under this section during
25 any calendar year is $50 $9 million, except that the total
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
HB 1293 2022
26 amount that may be awarded in the 2018 calendar year is $16.5
27 million. Applications may be filed with the department on or
28 after March 20 and before March 27 for qualified research
29 expenses incurred within the preceding calendar year. If the
30 total credits for all applicants exceed the maximum amount
31 allowed under this paragraph, the credits shall be allocated on
32 a prorated basis.
33 Section 3. The amendment made by this act to s. 220.196,
34 Florida Statutes, first applies to the 2022 allocation of tax
35 credits for expenses incurred in the 2021 calendar year .
36 Section 4. This act shall take effect July 1, 2022.
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Statutes affected: H 1293 Filed: 220.196