| 1 | A bill to be entitled |
| 2 | An act relating to a state work opportunity tax credit; |
| 3 | amending s. 220.02, F.S.; revising legislative intent |
| 4 | relating to application of certain corporate income tax |
| 5 | credits; creating s. 220.1893, F.S.; providing an |
| 6 | additional credit against the corporate income tax for |
| 7 | certain businesses hiring certain persons under certain |
| 8 | circumstances; providing requirements and limitations; |
| 9 | providing for the Department of Revenue and the Agency for |
| 10 | Workforce Innovation to adopt certain rules and establish |
| 11 | certain guidelines; providing an effective date. |
| 12 |
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| 13 | Be It Enacted by the Legislature of the State of Florida: |
| 14 |
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| 15 | Section 1. Subsection (8) of section 220.02, Florida |
| 16 | Statutes, is amended to read: |
| 17 | 220.02 Legislative intent.-- |
| 18 | (8) It is the intent of the Legislature that credits |
| 19 | against either the corporate income tax or the franchise tax be |
| 20 | applied in the following order: those enumerated in s. 631.828, |
| 21 | those enumerated in s. 220.191, those enumerated in s. 220.181, |
| 22 | those enumerated in s. 220.183, those enumerated in s. 220.182, |
| 23 | those enumerated in s. 220.1895, those enumerated in s. 221.02, |
| 24 | those enumerated in s. 220.184, those enumerated in s. 220.186, |
| 25 | those enumerated in s. 220.1845, those enumerated in s. 220.19, |
| 26 | those enumerated in s. 220.185, and those enumerated in s. |
| 27 | 220.187, and those enumerated in s. 220.1893. |
| 28 | Section 2. Section 220.1893, Florida Statutes, is created |
| 29 | to read: |
| 30 | 220.1893 State work opportunity tax credit.-- |
| 31 | (1)(a) Beginning January 1, 2005, there shall be allowed a |
| 32 | credit against the tax imposed by this chapter to any business |
| 33 | that hires a person who has been convicted of a felony and such |
| 34 | hiring is within 3 years after that person?s release from a |
| 35 | state prison or to any business that hires a person who has been |
| 36 | convicted of a felony and is on community control or probation, |
| 37 | as defined by s. 948.001(2) and (5), for the commission of a |
| 38 | felony. |
| 39 | (b)1. Except as provided in subparagraph 2., the credit |
| 40 | shall be computed as 40 percent of the wages paid to such |
| 41 | employee during each taxable period. The credit may be claimed |
| 42 | for a maximum of five eligible employees per taxable period and |
| 43 | may not exceed $2,400 per eligible employee. |
| 44 | 2. For a small business, as defined in s. 288.703(1), or a |
| 45 | minority business enterprise, as defined in s. 288.703(2), the |
| 46 | credit shall be computed as 50 percent of the wages paid to such |
| 47 | employee during each taxable period. The credit may be claimed |
| 48 | for a maximum of five eligible employees per taxable period and |
| 49 | may not exceed $3,000 per eligible employee. |
| 50 | (2) When filing for a credit under this section, a |
| 51 | business must apply for and receive certification from the |
| 52 | Agency for Workforce Innovation that the employee for whom this |
| 53 | credit is claimed is a person as described in paragraph (1)(a). |
| 54 | (3) The department and the agency shall adopt rules |
| 55 | governing the manner and form of applications for the credit and |
| 56 | may establish guidelines concerning the requisites for an |
| 57 | affirmative showing of qualification for the credit under this |
| 58 | section. |
| 59 | Section 3. This act shall take effect upon becoming a law. |