The bill proposes the establishment of a statewide business court by the Supreme Court to enhance judicial efficiency and ensure consistent decision-making in business-related disputes. This recommendation aims to streamline the resolution of business conflicts across the state of Florida.

Additionally, the bill amends section 607.0122 of the Florida Statutes to reduce the filing fee for articles of incorporation from $35 to $0.99. It also introduces a new section, 220.223, which mandates the refund of any taxes paid by a corporation during its first taxable year, to be issued in the company's third taxable year. The bill is set to take effect on July 1, 2026.

Statutes affected:
H 1511 Filed: 607.0122