Bill
Bill > H0499
summary
Introduced
01/24/2023
01/24/2023
In Committee
02/01/2023
02/01/2023
Crossed Over
Passed
Dead
05/05/2023
05/05/2023
Introduced Session
2023 Regular Session
Bill Summary
Specifies eligibility requirements for receiving specified tax credits for taxpayers that rehabilitate certified historic structures; specifies requirements for taxpayers claiming or transferring specified tax credits; specifies requirements for Division of Historical Resources of DOS for evaluating & certifying applications for specified tax credits; specifies amount of tax credits; authorizes carryforward, sale, & transfer of tax credits; revises order in which tax credits against corporate income tax credit or franchise tax are applied; revises order in which credits & deductions against insurance premium tax are applied.
AI Summary
This bill creates the "Main Street Historic Tourism and Revitalization Act" that allows a tax credit for taxpayers who rehabilitate certified historic structures in Florida. The credit is 20% of qualified expenses, or 30% if the structure is located in a designated Main Street program area. Taxpayers must apply to the Division of Historical Resources to receive the credit, which can be carried forward up to 5 years or transferred to another taxpayer. The bill also provides audit and reporting requirements related to the tax credit program.
Committee Categories
Budget and Finance
Sponsors (6)
Jessica Baker (R)*,
Paula Stark (R)*,
Anna Eskamani (D),
Michelle Salzman (R),
Allison Tant (D),
Dana Trabulsy (R),
Last Action
Died in Ways & Means Committee (on 05/05/2023)
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/2023/499 |
| BillText | https://www.flsenate.gov/Session/Bill/2023/499/BillText/Filed/PDF |
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