The proposed bill establishes the "Home Away From Home Tax Credit," which will allow taxpayers to claim a credit of 100% of eligible contributions made to designated charitable organizations starting from January 1, 2026. This credit can be applied against certain taxes, specifically under section 624.509(1), and insurers claiming this credit will not face additional retaliatory taxes. The bill also empowers the Department of Revenue to adopt emergency rules for the implementation of this tax credit, with these rules remaining effective for six months after adoption. Additionally, the bill appropriates $208,000 in nonrecurring funds from the General Revenue Fund to support the Department of Revenue in implementing the tax credit during the 2025-2026 fiscal year.

Moreover, the legislation introduces new sections in Florida Statutes, including s. 211.02535, s. 212.18345, and s. 220.18775, which detail tax credits against oil and gas production taxes, sales taxes for direct pay permitholders, and corporate income taxes, respectively. The bill outlines the responsibilities of the Department of Health in designating eligible charitable organizations, with specific criteria that exclude organizations providing or funding abortions. It also mandates annual redesignation of these organizations and requires them to provide documentation such as IRS Form 990. Overall, the bill aims to incentivize charitable contributions while ensuring compliance and accountability among participating organizations.

Statutes affected:
S 182 Filed: 220.02
S 182 c1: 220.02, 624.509