Bill > S1272

This bill modifies Florida's renewable energy production credit, which is a tax credit for businesses that produce and sell electricity from renewable sources in the state. Specifically, it removes the previous expiration date for claiming these credits, meaning businesses can now claim them indefinitely. The bill also revises the total amount of tax credits that can be granted to all taxpayers each state fiscal year, increasing it to $15 million annually, and allows any unused credits to be carried forward to future years. Additionally, the Department of Agriculture and Consumer Services is now authorized to conduct on-site monitoring visits to verify the accuracy of information provided by facilities seeking these tax credits.