summary
Introduced
01/07/2022
01/07/2022
In Committee
01/12/2022
01/12/2022
Crossed Over
Passed
Dead
03/14/2022
03/14/2022
Introduced Session
2022 Regular Session
Bill Summary
An act relating to tax exemptions and tax credits; amending s. 201.25, F.S.; exempting certain federal loans from documentary stamp taxes; amending s. 220.196, F.S.; revising upward the amount of money available for research and development tax credits; providing applicability; providing an effective date.
AI Summary
This bill amends two sections of Florida statutes related to tax exemptions and tax credits. Firstly, it exempts federal loans related to a state of emergency declared by the Governor from documentary stamp taxes. Secondly, it increases the annual cap on the research and development tax credit from $9 million to $50 million, with the new cap applying to the 2022 allocation of credits for expenses incurred in 2021. The bill also provides an effective date of July 1, 2022.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died in Ways & Means Committee (on 03/14/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2022/1293 |
| Bill | https://www.flsenate.gov/Session/Bill/2022/1293/BillText/Filed/PDF |
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