Senate Bill sb2064
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2004 SB 2064
By Senators Siplin, Miller, Hill and Lawson
19-947-04 See HB
1 A bill to be entitled
2 An act relating to a state work opportunity tax
3 credit; amending s. 220.02, F.S.; revising
4 legislative intent relating to application of
5 certain corporate income tax credits; creating
6 s. 220.1893, F.S.; providing an additional
7 credit against the corporate income tax for
8 certain businesses hiring certain persons under
9 certain circumstances; providing requirements
10 and limitations; providing for the Department
11 of Revenue and the Agency for Workforce
12 Innovation to adopt certain rules and establish
13 certain guidelines; providing an effective
14 date.
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16 Be It Enacted by the Legislature of the State of Florida:
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18 Section 1. Subsection (8) of section 220.02, Florida
19 Statutes, is amended to read:
20 220.02 Legislative intent.--
21 (8) It is the intent of the Legislature that credits
22 against either the corporate income tax or the franchise tax
23 be applied in the following order: those enumerated in s.
24 631.828, those enumerated in s. 220.191, those enumerated in
25 s. 220.181, those enumerated in s. 220.183, those enumerated
26 in s. 220.182, those enumerated in s. 220.1895, those
27 enumerated in s. 221.02, those enumerated in s. 220.184, those
28 enumerated in s. 220.186, those enumerated in s. 220.1845,
29 those enumerated in s. 220.19, those enumerated in s. 220.185,
30 and those enumerated in s. 220.187, and those enumerated in s.
31 220.1893.
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2004 SB 2064
19-947-04 See HB
1 Section 2. Section 220.1893, Florida Statutes, is
2 created to read:
3 220.1893 State work opportunity tax credit.--
4 (1)(a) Beginning January 1, 2005, there shall be
5 allowed a credit against the tax imposed by this chapter to
6 any business that hires a person who has been convicted of a
7 felony and such hiring is within 3 years after that person's
8 release from a state prison or to any business that hires a
9 person who has been convicted of a felony and is on community
10 control or probation, as defined by s. 948.001(2) and (5), for
11 the commission of a felony.
12 (b)1. Except as provided in subparagraph 2., the
13 credit shall be computed as 40 percent of the wages paid to
14 such employee during each taxable period. The credit may be
15 claimed for a maximum of five eligible employees per taxable
16 period and may not exceed $2,400 per eligible employee.
17 2. For a small business, as defined in s. 288.703(1),
18 or a minority business enterprise, as defined in s.
19 288.703(2), the credit shall be computed as 50 percent of the
20 wages paid to such employee during each taxable period. The
21 credit may be claimed for a maximum of five eligible employees
22 per taxable period and may not exceed $3,000 per eligible
23 employee.
24 (2) When filing for a credit under this section, a
25 business must apply for and receive certification from the
26 Agency for Workforce Innovation that the employee for whom
27 this credit is claimed is a person as described in paragraph
28 (1)(a).
29 (3) The department and the agency shall adopt rules
30 governing the manner and form of applications for the credit
31 and may establish guidelines concerning the requisites for an
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2004 SB 2064
19-947-04 See HB
1 affirmative showing of qualification for the credit under this
2 section.
3 Section 3. This act shall take effect upon becoming a
4 law.
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