summary
Introduced
02/27/2025
02/27/2025
In Committee
02/28/2025
02/28/2025
Crossed Over
04/09/2025
04/09/2025
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
An act relating to tax credits for charitable contributions; creating s. 211.02535, F.S.; providing a credit against oil and gas production taxes under the Home Away From Home Tax Credit beginning on a specified date; prohibiting the combined credit allowed under certain provisions from exceeding a certain amount; requiring that a specified credit be taken first under certain circumstances; prohibiting any remaining liability from exceeding a certain amount; providing applicability; creating s. 212.18345, F.S.; providing a credit against sales taxes payable by direct pay permitholders under the Home Away From Home Tax Credit beginning on a specified date; requiring that the amount of tax due used to calculate the credit include certain amounts; requiring the Department of Revenue to disregard certain tax credits for a specified reason; providing applicability; requiring a dealer to pay his or her taxes electronically under certain circumstances; amending s. 220.02, F.S.; revising legislative intent; creating s. 220.18775, F.S.; providing a credit against the corporate income tax under the Home Away From Home Tax Credit beginning on a specified date; requiring that an eligible contribution be made on or before a specified date; providing that a credit granted by the act is reduced by a specified calculation; authorizing the credit on a consolidated return basis under certain circumstances; providing applicability; specifying requirements if a taxpayer applies and is approved for a specified credit; creating s. 402.63, F.S.; defining terms; requiring the Department of Health to designate organizations meeting specified criteria as eligible charitable organizations for purposes of the tax credit; prohibiting the Department of Health from designating certain organizations; specifying requirements for eligible charitable organizations receiving contributions; specifying duties of the Department of Health; specifying a limitation on, and application procedures for, the tax credit; specifying requirements and procedures for, and restrictions on, the carryforward, conveyance, transfer, assignment, and rescindment of credits; specifying requirements and procedures for the Department of Revenue; providing construction; authorizing the Department of Revenue, the Division of Alcoholic Beverages and Tobacco of the Department of Business and Professional Regulation, and the Department of Health to develop a cooperative agreement and adopt rules; authorizing certain interagency information sharing; providing construction; creating s. 561.12135, F.S.; providing a credit against excise taxes on certain alcoholic beverages under the Home Away From Home Tax Credit beginning on a specified date; prohibiting the credit from exceeding a certain amount; requiring the Division of Alcoholic Beverages and Tobacco of the Department of Business and Professional Regulation to disregard certain tax credits for a specified reason; providing applicability; amending s. 624.509, F.S.; revising the order of credits and deductions taken against a specified tax; creating s. 624.51059, F.S.; providing a credit against the insurance premium tax under the Home Away From Home Tax Credit for certain taxable years; specifying that certain insurers are not required to pay additional retaliatory tax; providing that a certain provision does not limit the credit; providing applicability; authorizing the Department of Revenue to adopt emergency rules related to the Home Away From Home Tax Credit; providing that such emergency rules are effective for a specified period of time; authorizing that such emergency rules be renewed under certain circumstances; providing an appropriation; providing an effective date.
AI Summary
This bill establishes the Home Away From Home Tax Credit, a program that allows taxpayers to receive a 100% tax credit for contributions made to specific charitable organizations that house families of critically ill children receiving treatment. Beginning January 1, 2026, the bill creates tax credits for various types of taxes, including oil and gas production taxes, sales taxes, corporate income taxes, excise taxes on alcoholic beverages, and insurance premium taxes. The tax credit is capped at $2.5 million per fiscal year and will be available until fiscal year 2031-2032. To be eligible, charitable organizations must meet strict criteria, including being a Florida-based 501(c)(3) nonprofit that provides free housing for families of critically ill children, conducting background checks on staff and volunteers, and using 100% of contributions for expanding or constructing facilities. The Department of Health will oversee the designation of eligible organizations and monitor their compliance, with organizations required to submit annual audits and reports. Taxpayers can apply for the credit on a first-come, first-served basis, and unused credits can be carried forward for up to 10 years. The bill also provides $208,000 in nonrecurring funds to the Department of Revenue to implement the program and authorizes the development of emergency rules to facilitate its implementation.
Committee Categories
Budget and Finance
Sponsors (1)
Other Sponsors (1)
Appropriations (S)
Last Action
Indefinitely postponed and withdrawn from consideration (on 05/03/2025)
Official Document
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