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 a tax credit against their tax liability, limited to one claim per building, with applications due by March 1 of the year following LEED certification. The Department of Business and Professional Regulation is authorized to accept applications electronically and will rescind eligibility if the owner fails to provide necessary energy use information. The tax credit amounts vary based on LEED certification levels, and provisions are included for carrying forward unused credits and transferring them under certain conditions.

Additionally, the bill 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 in resilient building design and construction, serving staggered terms. The Department of Business and Professional Regulation will support the council's operations, which is required to meet at least semiannually, with the first meeting set for November 1, 2025. The bill also amends existing statutes regarding tax credits, adding section 220.197 to the list of credits and clarifying the definition of "adjusted federal income" to include credits taken under this section. 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