summary
Introduced
01/05/2026
01/05/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An act relating to the research and development tax credit; amending s. 220.196, F.S.; increasing the combined total amount of tax credits which may be granted to business enterprises under the research and development tax credit; deleting an obsolete provision; providing applicability; providing an effective date.
AI Summary
This bill increases the total amount of tax credits that can be granted to businesses for research and development (R&D) activities from $9 million to $50 million annually, with a specific provision for the 2018 calendar year being removed as it is now obsolete. The bill also clarifies that if the total requested credits exceed the new $50 million limit, they must be allocated on a prorated basis. These changes to the R&D tax credit program, which incentivizes companies to invest in innovation, will first apply to tax credits allocated for expenses incurred in the 2026 calendar year, and the act itself will become effective on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Now in Finance and Tax (on 01/21/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2026/1076 |
| Analysis - Commerce and Tourism (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2026/1076/Analyses/2026s01076.cm.PDF |
| Analysis - Commerce and Tourism (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2026/1076/Analyses/2026s01076.pre.cm.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2026/1076/BillText/Filed/HTML |
Loading...