| 1 | A bill to be entitled |
| 2 | An act relating to corporate income tax credits; creating |
| 3 | s. 220.192, F.S.; providing a credit against the corporate |
| 4 | income tax for certain small businesses for providing |
| 5 | employee health care insurance; providing an effective |
| 6 | date. |
| 7 |
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| 8 | Be It Enacted by the Legislature of the State of Florida: |
| 9 |
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| 10 | Section 1. Section 220.192, Florida Statutes, is created |
| 11 | to read: |
| 12 | 220.192 Corporate income tax credit for small businesses |
| 13 | investing in health care insurance for their employees.--A |
| 14 | credit of up to $1,000 shall be allowed against any tax due for |
| 15 | a taxable year under this chapter to any business with fewer |
| 16 | than 50 employees for providing to the employees of the business |
| 17 | health care insurance consisting of the coverages provided in |
| 18 | chapter 627. |
| 19 | Section 2. This act shall take effect upon becoming a law |
| 20 | and shall operate retroactively to January 1, 2004. |