The bill establishes a new 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 this tax credit through the Department of Business and Professional Regulation, with applications due by March 1 of the year following the building's LEED certification. The tax credit is available for five years and varies based on the level of LEED certification. The bill also allows for the transfer of unused tax credits under certain conditions and mandates that eligibility be rescinded if energy use information is not reported.

Additionally, the bill creates the Florida Resilient Building Advisory Council, which will provide recommendations to enhance resilient building practices and hurricane resiliency in Florida. The council will consist of members from various educational institutions and industry sectors, appointed by state officials, and is required to meet at the discretion of its co-chairs, with the first meeting mandated by November 1, 2025. The Department will provide necessary staffing and administrative support to the council, and the section detailing these provisions is set to be repealed on October 2, 2028, unless reenacted by the Legislature. The bill also amends the order in which tax credits against corporate income and franchise taxes are applied and clarifies the definition of "adjusted federal income" to include credits taken under the new section 220.197. 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