The bill establishes a tax credit program for owners of "resilient buildings," which are defined as those meeting specific Leadership in Energy and Environmental Design (LEED) certifications. Owners can apply for a tax credit against their tax liability, limited to one claim per building, with applications due by March 1 of the year following certification. The tax credit amount varies based on the LEED certification level, and provisions are included for carrying forward unused credits and transferring them under certain conditions. Additionally, building owners are required to report their energy use annually during the credit period.

The bill also creates the Florida Resilient Building Advisory Council, which will provide recommendations to improve resilient building practices and hurricane resiliency in Florida. The council will consist of members from educational institutions and appointed experts, serving staggered terms, with administrative support from the Department of Business and Professional Regulation. The council is required to meet at the discretion of its co-chairs, with the first meeting by November 1, 2025, and at least semiannual meetings thereafter. The bill includes provisions for the repeal of this section on October 2, 2028, unless reviewed and reenacted by the Legislature, and allows the Department of Revenue to share information with the Department of Business and Professional Regulation while ensuring confidentiality. Additionally, it amends existing statutes to include the new tax credit under section 220.197 and modifies the definition of "adjusted federal income" to prevent duplicate benefits from deductions and credits. The act is set to take effect on July 1, 2025.

Statutes affected:
H 143 Filed: 213.053, 220.02, 220.13
H 143 c1: 220.02, 220.13