House Bill 1305 introduces a new tax credit program for owners of "resilient buildings," which are defined as structures that hold specific Leadership in Energy and Environmental Design (LEED) certifications. Building owners can apply for a tax credit against their tax liability, limited to one claim per building, by submitting an application to the Department of Business and Professional Regulation by March 1 of the year following their building's LEED certification. The tax credit amount varies based on the level of LEED certification, with a total cap of $50 million in credits available each fiscal year. The bill also establishes the Florida Resilient Building Advisory Council, composed of experts and representatives from various sectors, to provide policy recommendations and review the effectiveness of the tax credit program.

Furthermore, the bill amends existing tax statutes to incorporate the resilient building tax credit program within the framework of credits applicable to corporate income and franchise taxes. It allows the Department of Revenue to share information regarding the tax credit program with the Department of Business and Professional Regulation while ensuring confidentiality. The act is scheduled to take effect on July 1, 2026, and includes a provision for repeal in 2029 unless it is reviewed and reenacted by the Legislature.

Statutes affected:
H 1305 Filed: 220.02, 220.13