Bill > H0051

This bill creates a tax credit program to incentivize businesses that provide housing for homeless employees, offering qualified businesses a $2,000 tax credit per eligible employee and an additional $1,000 credit if the housing is converted from previously unused or abandoned property. To qualify, businesses must provide housing at a rent rate within specified affordable housing limits to employees who were homeless within the past three years, with "homeless" defined broadly to include those experiencing temporary housing insecurity due to job loss, natural disasters, medical emergencies, or domestic violence. Businesses must apply to the Department of Commerce, which will review and approve applications on a first-come, first-served basis, with a total annual tax credit cap of $5 million. Tax credits can be carried forward for up to two taxable years but cannot be transferred to other entities. The Department of Commerce and Department of Revenue are authorized to create rules for implementing the program, and the tax credits will be available for taxable years beginning on or after January 1, 2027, with the bill taking effect on July 1, 2026.

Budget and Finance

https://www.flsenate.gov/Session/Bill/2026/51