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FL S0358

FL S0358
Residential Graywater System Tax Credits


summary

Introduced
01/24/2023
In Committee
02/09/2023
Crossed Over
Passed
Dead
05/05/2023

Introduced Session

2023 Regular Session

Bill Summary

Providing a tax credit to developers and homebuilders for certain graywater systems purchased during the taxable year; specifying information the developer or homebuilder must provide to the Department of Environmental Protection; requiring the Department of Environmental Protection to certify to the applicant and the Department of Revenue its determination of an applicant's eligibility for the tax credit within a specified timeframe, etc.

AI Summary

This bill establishes a tax credit for developers and homebuilders who purchase NSF/ANSI 350 Class R certified noncommercial, residential graywater systems for use in Florida. The credit is worth up to 50% of the system cost, with a maximum of $4,200 per system. Developers or homebuilders must apply to the Department of Environmental Protection for certification of the system's eligibility, and the credit can be carried forward for up to two taxable years if unused. The Department of Revenue and the Department of Environmental Protection are directed to adopt rules to administer the tax credit program.

Committee Categories

Budget and Finance

Sponsors (2)

Other Sponsors (1)

Finance and Tax (Senate)

Last Action

Died in Appropriations, companion bill(s) passed, see HB 7063 (Ch. 2023-157) (on 05/05/2023)

bill text


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