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Bill > H0475

FL H0475

FL H0475
Residential Graywater System Tax Credits

summary

Introduced
01/24/2023
In Committee
04/12/2023
Crossed Over
Passed
Dead
05/05/2023

Introduced Session

2023 Regular Session

Bill Summary

Authorizes DOR to disclose information related to specified tax credits to DEP; provides tax credit to developers & homebuilders for certain graywater purchased during taxable year; provides cap on amount of tax credit; specifies information developer or homebuilder must provide to receive credit; requires DEP to make certain determinations & certify such to DOR; prohibits certification of credits after certain date; authorizes tax credits to be carried forward.

AI Summary

This bill authorizes the Department of Revenue (DOR) to disclose information related to specified tax credits to the Department of Environmental Protection (DEP). It provides a tax credit to developers and homebuilders for the purchase of certain NSF/ANSI 350 Class R certified residential graywater systems during the taxable year, with a cap of 50% of the cost up to $4,200 per system and $2,000,000 per developer or homebuilder per taxable year. The developer or homebuilder must apply to the DEP for certification of the credit, which the DEP must provide within 60 days. The bill prohibits certification of credits after 2026 and allows unused credits to be carried forward for up to 2 years.

Committee Categories

Budget and Finance, Transportation and Infrastructure

Sponsors (2)

Other Sponsors (1)

Infrastructure Strategies Committee (House)

Last Action

Died on Second Reading Calendar; companion bill(s) passed, see HB 7063 (Ch. 2023-157) (on 05/05/2023)

Bill Topics

Environment
  • ‐ Land and Water Conservation
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform
(3 Companion Bills)

bill text

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bill summary

Document Type Source Location Created
State Bill Page https://www.flsenate.gov/Session/Bill/2023/475 01/24/2023
BillText https://www.flsenate.gov/Session/Bill/2023/475/BillText/c1/PDF 04/11/2023
Analysis - Infrastructure Strategies Committee (Post-Meeting) https://www.flsenate.gov/Session/Bill/2023/475/Analyses/h0475c.ISC.PDF 04/11/2023
https://www.flsenate.gov/Session/Bill/2023/475/Amendment/037893/PDF 04/07/2023
Analysis - Infrastructure Strategies Committee (Post-Meeting) https://www.flsenate.gov/Session/Bill/2023/475/Analyses/h0475b.ISC.PDF 04/07/2023
Analysis - Ways & Means Committee (Post-Meeting) https://www.flsenate.gov/Session/Bill/2023/475/Analyses/h0475a.WMC.PDF 03/15/2023
Analysis - Ways & Means Committee (Post-Meeting) https://www.flsenate.gov/Session/Bill/2023/475/Analyses/h0475.WMC.PDF 03/14/2023
BillText https://www.flsenate.gov/Session/Bill/2023/475/BillText/Filed/PDF 01/24/2023
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