Florida Senate - 2013                                    SB 1598
       By Senator Soto
       14-00232-13                                           20131598__
    1                        A bill to be entitled                      
    2         An act relating to corporate income tax; creating s.
    3         220.197, F.S.; providing a short title; establishing a
    4         corporate income tax credit for the hiring of
    5         veterans; providing eligibility requirements;
    6         establishing an additional corporate income tax credit
    7         for the hiring of disabled veterans; providing
    8         eligibility requirements; authorizing the Department
    9         of Revenue to adopt rules; authorizing the Department
   10         of Revenue to determine guidelines for qualification
   11         of the tax credit; providing for expiration of the tax
   12         credit; providing an effective date.
   14  Be It Enacted by the Legislature of the State of Florida:
   16         Section 1. Section 220.197, Florida Statutes, is created to
   17  read:
   18         220.197Corporate income tax credits for employment of
   19  veterans.—
   20         (1) This section may be cited as the “Florida Veterans
   21  Employment Act.”
   22         (2) A business qualifies for a one-time corporate income
   23  tax credit against the tax imposed by this chapter in the amount
   24  of $5,000 per individual for hiring a veteran, as defined in s.
   25  1.01.
   26         (3) A qualifying business qualifies for an additional one
   27  time corporate income tax credit in the amount of $5,000 per
   28  individual for hiring a veteran, as defined in s. 1.01 who:
   29         (a) Has established the present existence of a service
   30  connected disability, as defined in 38 U.S.C. s. 101(16), that
   31  is compensable under public laws administered by the United
   32  States Department of Veterans Affairs; or
   33         (b) Is receiving compensation, disability retirement
   34  benefits, or pension by reason of public laws administered by
   35  the United States Department of Veterans Affairs and the
   36  Department of Defense.
   37         (4) The Department of Revenue may adopt rules governing the
   38  manner and form of applications for the tax credit. The
   39  department may establish guidelines for making an affirmative
   40  showing of qualification for the tax credit under this section.
   41         (5) This section expires June 30, 2018. However, a
   42  qualifying business that is awarded a credit under this section
   43  may carry forward any unused credit for a period not to exceed 2
   44  years.
   45         Section 2. This act shall take effect July 1, 2013.