Florida Senate - 2021 COMMITTEE AMENDMENT Bill No. SB 1372 Ì741914(Î741914 LEGISLATIVE ACTION Senate . House Comm: RCS . 04/20/2021 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Appropriations (Burgess) recommended the following: 1 Senate Substitute for Amendment (409158) (with title 2 amendment) 3 4 Delete everything after the enacting clause 5 and insert: 6 Section 1. The Legislature finds that the ability to read 7 is fundamental to a productive, fulfilling, culturally 8 rewarding, and civically engaged life. Furthermore, a literacy 9 rich home environment helps develop reading and writing skills 10 in young learners to prepare them for future academic and career 11 success. Research shows that students who read frequently 12 perform better academically than those who do not. 13 Unfortunately, statistics show students who have fewer books and 14 literacy-based interactions at home than their peers have lower 15 educational attainment and lifetime income-earning potential. 16 Programs that deliver books directly to students’ homes and 17 support engagement in reading enable parents to develop their 18 child’s reading skills and enjoyment of reading and foster 19 improved outcomes for students. 20 Section 2. Section 211.0252, Florida Statutes, is created 21 to read: 22 211.0252 Credit for contributions to the New Worlds Reading 23 Initiative.—Beginning January 1, 2022, there is allowed a credit 24 of 100 percent of an eligible contribution made to the New 25 Worlds Reading Initiative under s. 1003.485 against any tax due 26 under s. 211.02 or s. 211.025. However, the combined credit 27 allowed under this section and s. 211.0251 may not exceed 50 28 percent of the tax due on the return on which the credit is 29 taken. If the combined credit allowed under this section and s. 30 211.0251 exceeds 50 percent of the tax due on the return, the 31 credit must first be taken under s. 211.0251. Any remaining 32 liability must be taken under this section but may not exceed 50 33 percent of the tax due. For purposes of the distributions of tax 34 revenue under s. 211.06, the department shall disregard any tax 35 credits allowed under this section to ensure that any reduction 36 in tax revenue received which is attributable to the tax credits 37 results only in a reduction in distributions to the General 38 Revenue Fund. Section 1003.485 applies to the credit authorized 39 by this section. 40 Section 3. Section 212.1833, Florida Statutes, is created 41 to read: 42 212.1833 Credit for contributions to the New Worlds Reading 43 Initiative.—Beginning January 1, 2022, there is allowed a credit 44 of 100 percent of an eligible contribution made to the New 45 Worlds Reading Initiative under s. 1003.485 against any tax 46 imposed by the state and due under this chapter from a direct 47 pay permitholder as a result of the direct pay permit held 48 pursuant to s. 212.183. For purposes of the dealer’s credit 49 granted for keeping prescribed records, filing timely tax 50 returns, and properly accounting and remitting taxes under s. 51 212.12, the amount of tax due used to calculate the credit shall 52 include any eligible contribution made to the New Worlds Reading 53 Initiative from a direct pay permitholder. For purposes of the 54 distributions of tax revenue under s. 212.20, the department 55 shall disregard any tax credits allowed under this section to 56 ensure that any reduction in tax revenue received which is 57 attributable to the tax credits results only in a reduction in 58 distributions to the General Revenue Fund. Section 1003.485 59 applies to the credit authorized by this section. A dealer who 60 claims a tax credit under this section must file his or her tax 61 returns and pay his or her taxes by electronic means under s. 62 213.755. 63 Section 4. Subsection (8) of section 220.02, Florida 64 Statutes, is amended to read: 65 220.02 Legislative intent.— 66 (8) It is the intent of the Legislature that credits 67 against either the corporate income tax or the franchise tax be 68 applied in the following order: those enumerated in s. 631.828, 69 those enumerated in s. 220.191, those enumerated in s. 220.181, 70 those enumerated in s. 220.183, those enumerated in s. 220.182, 71 those enumerated in s. 220.1895, those enumerated in s. 220.195, 72 those enumerated in s. 220.184, those enumerated in s. 220.186, 73 those enumerated in s. 220.1845, those enumerated in s. 220.19, 74 those enumerated in s. 220.185, those enumerated in s. 220.1875, 75 those enumerated in s. 220.1876, those enumerated in s. 220.193, 76 those enumerated in s. 288.9916, those enumerated in s. 77 220.1899, those enumerated in s. 220.194, and those enumerated 78 in s. 220.196. 79 Section 5. Paragraph (a) of subsection (1) of section 80 220.13, Florida Statutes, is amended to read: 81 220.13 “Adjusted federal income” defined.— 82 (1) The term “adjusted federal income” means an amount 83 equal to the taxpayer’s taxable income as defined in subsection 84 (2), or such taxable income of more than one taxpayer as 85 provided in s. 220.131, for the taxable year, adjusted as 86 follows: 87 (a) Additions.—There shall be added to such taxable income: 88 1.a. The amount of any tax upon or measured by income, 89 excluding taxes based on gross receipts or revenues, paid or 90 accrued as a liability to the District of Columbia or any state 91 of the United States which is deductible from gross income in 92 the computation of taxable income for the taxable year. 93 b. Notwithstanding sub-subparagraph a., if a credit taken 94 under s. 220.1875 or s. 220.1876 is added to taxable income in a 95 previous taxable year under subparagraph 11. and is taken as a 96 deduction for federal tax purposes in the current taxable year, 97 the amount of the deduction allowed shall not be added to 98 taxable income in the current year. The exception in this sub 99 subparagraph is intended to ensure that the credit under s. 100 220.1875 or s. 220.1876 is added in the applicable taxable year 101 and does not result in a duplicate addition in a subsequent 102 year. 103 2. The amount of interest which is excluded from taxable 104 income under s. 103(a) of the Internal Revenue Code or any other 105 federal law, less the associated expenses disallowed in the 106 computation of taxable income under s. 265 of the Internal 107 Revenue Code or any other law, excluding 60 percent of any 108 amounts included in alternative minimum taxable income, as 109 defined in s. 55(b)(2) of the Internal Revenue Code, if the 110 taxpayer pays tax under s. 220.11(3). 111 3. In the case of a regulated investment company or real 112 estate investment trust, an amount equal to the excess of the 113 net long-term capital gain for the taxable year over the amount 114 of the capital gain dividends attributable to the taxable year. 115 4. That portion of the wages or salaries paid or incurred 116 for the taxable year which is equal to the amount of the credit 117 allowable for the taxable year under s. 220.181. This 118 subparagraph shall expire on the date specified in s. 290.016 119 for the expiration of the Florida Enterprise Zone Act. 120 5. That portion of the ad valorem school taxes paid or 121 incurred for the taxable year which is equal to the amount of 122 the credit allowable for the taxable year under s. 220.182. This 123 subparagraph shall expire on the date specified in s. 290.016 124 for the expiration of the Florida Enterprise Zone Act. 125 6. The amount taken as a credit under s. 220.195 which is 126 deductible from gross income in the computation of taxable 127 income for the taxable year. 128 7. That portion of assessments to fund a guaranty 129 association incurred for the taxable year which is equal to the 130 amount of the credit allowable for the taxable year. 131 8. In the case of a nonprofit corporation which holds a 132 pari-mutuel permit and which is exempt from federal income tax 133 as a farmers’ cooperative, an amount equal to the excess of the 134 gross income attributable to the pari-mutuel operations over the 135 attributable expenses for the taxable year. 136 9. The amount taken as a credit for the taxable year under 137 s. 220.1895. 138 10. Up to nine percent of the eligible basis of any 139 designated project which is equal to the credit allowable for 140 the taxable year under s. 220.185. 141 11. AnyTheamount taken as a credit for the taxable year 142 under s. 220.1875 or s. 220.1876. The addition in this 143 subparagraph is intended to ensure that the same amount is not 144 allowed for the tax purposes of this state as both a deduction 145 from income and a credit against the tax. This addition is not 146 intended to result in adding the same expense back to income 147 more than once. 148 12. The amount taken as a credit for the taxable year under 149 s. 220.193. 150 13. Any portion of a qualified investment, as defined in s. 151 288.9913, which is claimed as a deduction by the taxpayer and 152 taken as a credit against income tax pursuant to s. 288.9916. 153 14. The costs to acquire a tax credit pursuant to s. 154 288.1254(5) that are deducted from or otherwise reduce federal 155 taxable income for the taxable year. 156 15. The amount taken as a credit for the taxable year 157 pursuant to s. 220.194. 158 16. The amount taken as a credit for the taxable year under 159 s. 220.196. The addition in this subparagraph is intended to 160 ensure that the same amount is not allowed for the tax purposes 161 of this state as both a deduction from income and a credit 162 against the tax. The addition is not intended to result in 163 adding the same expense back to income more than once. 164 Section 6. Subsection (2) of section 220.186, Florida 165 Statutes, is amended to read: 166 220.186 Credit for Florida alternative minimum tax.— 167 (2) The credit pursuant to this section shall be the amount 168 of the excess, if any, of the tax paid based upon taxable income 169 determined pursuant to s. 220.13(2)(k) over the amount of tax 170 which would have been due based upon taxable income without 171 application of s. 220.13(2)(k), before application of this 172 credit without application of any credit under s. 220.1875 or s. 173 220.1876. 174 Section 7. Section 220.1876, Florida Statutes, is created 175 to read: 176 220.1876 Credit for contributions to the New Worlds Reading 177 Initiative.— 178 (1) For taxable years beginning on or after January 1, 179 2022, there is allowed a credit of 100 percent of an eligible 180 contribution made to the New Worlds Reading Initiative under s. 181 1003.485 against any tax due for a taxable year under this 182 chapter after the application of any other allowable credits by 183 the taxpayer. An eligible contribution must be made to the New 184 Worlds Reading Initiative on or before the date the taxpayer is 185 required to file a return pursuant to s. 220.222. The credit 186 granted by this section shall be reduced by the difference 187 between the amount of federal corporate income tax, taking into 188 account the credit granted by this section, and the amount of 189 federal corporate income tax without application of the credit 190 granted by this section. 191 (2) A taxpayer who files a Florida consolidated return as a 192 member of an affiliated group pursuant to s. 220.131(1) may be 193 allowed the credit on a consolidated return basis; however, the 194 total credit taken by the affiliated group is subject to the 195 limitation established under subsection (1). 196 (3) Section 1003.485 applies to the credit authorized by 197 this section. 198 (4) If a taxpayer applies and is approved for a credit 199 under s. 1003.485 after timely requesting an extension to file 200 under s. 220.222(2): 201 (a) The credit does not reduce the amount of tax due for 202 purposes of the department’s determination as to whether the 203 taxpayer was in compliance with the requirement to pay tentative 204 taxes under ss. 220.222 and 220.32. 205 (b) The taxpayer’s noncompliance with the requirement to 206 pay tentative taxes shall result in the revocation and 207 rescindment of any such credit. 208 (c) The taxpayer shall be assessed for any taxes, 209 penalties, or interest due from the taxpayer’s noncompliance 210 with the requirement to pay tentative taxes. 211 Section 8. Section 561.1212, Florida Statutes, is created 212 to read: 213 561.1212 Credit for contributions to the New Worlds Reading 214 Initiative.—Beginning January 1, 2022, there is allowed a credit 215 of 100 percent of an eligible contribution made to the New 216 Worlds Reading Initiative under s. 1003.485 against any tax due 217 under s. 563.05, s. 564.06, or s. 565.12, except excise taxes 218 imposed on wine produced by manufacturers in this state from 219 products grown in this state. However, a credit allowed under 220 this section may not exceed 90 percent of the tax due on the 221 return on which the credit is taken. For purposes of the 222 distributions of tax revenue under ss. 561.121 and 564.06(10), 223 the division shall disregard any tax credits allowed under this 224 section to ensure that any reduction in tax revenue received 225 which is attributable to the tax credits results only in a 226 reduction in distributions to the General Revenue Fund. The 227 provisions of s. 1003.485 apply to the credit authorized by this 228 section. 229 Section 9. Section 624.51056, Florida Statutes, is created 230 to read: 231 624.51056 Credit for contributions to the New Worlds 232 Reading Initiative.— 233 (1) For taxable years beginning on or after January 1, 234 2022, there is allowed a credit of 100 percent of an eligible 235 contribution made to the New Worlds Reading Initiative under s. 236 1003.485 against any tax due for a taxable year under s. 237 624.509(1) after deducting from such tax deductions for 238 assessments made pursuant to s. 440.51, credits for taxes paid 239 under ss. 175.101 and 185.08, credits for income taxes paid 240 under chapter 220, and the credit allowed under s. 624.509(5), 241 as such credit is limited by s. 624.509(6). An eligible 242 contribution must be made to the New Worlds Reading Initiative 243 on or before the date the taxpayer is required to file a return 244 pursuant to ss. 624.509 and 624.5092. An insurer claiming a 245 credit against premium tax liability under this section is not 246 required to pay any additional retaliatory tax levied under s. 247 624.5091 as a result of claiming such credit. Section 624.5091 248 does not limit such credit in any manner. 249 (2) Section 1003.485 applies to the credit authorized by 250 this section. 251 Section 10. Section 1003.485, Florida Statutes, is created 252 to read: 253 1003.485 The New Worlds Reading Initiative.— 254 (1) DEFINITIONS.—As used in this section, the term: 255 (a) “Administrator” means a state university registered 256 with the department under s. 1002.395(15)(i) and designated to 257 administer the initiative under paragraph (2)(a). 258 (b) “Annual tax credit amount” means, for any state fiscal 259 year, the sum of the amount of tax credits approved under 260 paragraph (3)(b), including tax credits to be taken under s. 261 211.0252, s. 212.1833, s. 220.1876, s. 561.1212, or s. 262 624.51056, which are approved for taxpayers whose taxable years 263 begin on or after January 1 of the calendar year preceding the 264 start of the applicable state fiscal year. 265 (c) “Department” means the Department of Education. 266 (d) “Division” means the Division of Alcoholic Beverages 267 and Tobacco of the Department of Business and Professional 268 Regulation. 269 (e) “Eligible contribution” means a monetary contribution 270 from a taxpayer, subject to the restrictions provided in this 271 section, to the administrator. 272 (f) “Initiative” means the New Worlds Reading Initiative. 273 (2) NEW WORLDS READING INITIATIVE; ADMINISTRATION.—The New 274 Worlds Reading Initiative is established under the department to 275 improve literacy skills and instill a love of reading by 276 providing high-quality, free books to students in kindergarten 277 through grade 5 who are reading below grade level. 278 (a) The department shall: 279 1. Designate an administrator to implement the initiative 280 and to receive funding as provided in this section. The 281 administrator must have an academic innovation institution with 282 extensive experience in: 283 a. Conducting academic research in early literacy 284 instruction. 285 b. Implementing online delivery of early learning and 286 literacy training for educators nationally. 287 c. Developing online support materials that assist parents 288 and caregivers in developing early literacy skills. 289 d. Conducting fundraising and public awareness campaigns to 290 support the development and growth of evidence-based educational 291 initiatives that support learning at home and in schools. 292 2. Publish information about the initiative and tax credits 293 under subsection (3) on its website, including the process for a 294 taxpayer to select the administrator as the recipient of funding 295 through a tax credit. 296 3. Beginning September 30, 2022, and annually thereafter, 297 report on its website the number of students participating in 298 the initiative in each school district, information from the 299 annual financial report under subparagraph (b)6., and the 300 academic achievement and learning gains, as applicable, of 301 participating students based on data provided by school 302 districts as permitted under s. 1002.22. The department shall 303 establish a date by which the administrator and each school 304 district must annually provide the data necessary to complete 305 the report. 306 (b) The administrator shall: 307 1. Develop, in consultation with the Just Read, Florida! 308 Office under s. 1001.215, a selection of high-quality books 309 encompassing diverse subjects and genres for each grade level to 310 be mailed to students in the initiative. 311 2. Distribute books at no cost to students as provided in 312 paragraph (4)(c) either directly or through an agreement with a 313 book distribution company. 314 3. Assist local implementation of the initiative by 315 providing marketing materials to school districts and any 316 partnering nonprofit organizations to assist with public 317 awareness campaigns and other activities designed to increase 318 family engagement and instill a love of reading in students. 319 4. Maintain a clearinghouse for information on national, 320 state, and local nonprofit organizations that support efforts to 321 improve literacy and provide books to children. 322 5. Develop training materials for parents of students in 323 the initiative, including brief video training modules, which 324 engage families in reading and assist with improving student 325 literacy skills. The administrator shall periodically send, via 326 text message and e-mail, tips for facilitating reading at home 327 and hyperlinks to the video training modules. 328 6. Annually submit to the department an annual financial 329 report that includes, at a minimum, the amount of eligible 330 contributions received by the administrator; the amount spent on 331 each activity required by this paragraph, including 332 administrative expenses; and the number of students and 333 households served under the initiative. 334 7. Maintain separate accounts for operating funds and funds 335 for the purchase and delivery of books. 336 8. Expend eligible contributions received only for the 337 purchase and delivery of books and to implement the requirements 338 of this section, as well as for administrative expenses not to 339 exceed 2 percent of total eligible contributions. 340 Notwithstanding s. 1002.395(6)(j)2., the administrator may carry 341 forward up to 25 percent of eligible contributions to the 342 following state fiscal year for purposes authorized by this 343 subsection. Any eligible contributions in excess of the 25 344 percent carry forward not used to provide additional books 345 throughout the year to eligible students shall revert to the 346 state treasury. 347 9. Upon receipt of a contribution, provide the taxpayer 348 that made the contribution with a certificate of contribution. A 349 certificate of contribution must include the taxpayer’s name 350 and, if available, its federal employer identification number, 351 the amount contributed, the date of contribution, and the name 352 of the administrator. 353 (3) NEW WORLDS READING INITIATIVE TAX CREDITS; 354 APPLICATIONS, TRANSFERS, AND LIMITATIONS.— 355 (a) The tax credit cap amount is $10 million for the 2021 356 2022 state fiscal year, $30 million for the 2022-2023 state 357 fiscal year, and $50 million in each state fiscal year 358 thereafter. 359 (b) Beginning October 1, 2021, a taxpayer may submit an 360 application to the Department of Revenue for a tax credit or 361 credits to be taken under one or more of s. 211.0252, s. 362 212.1833, s. 220.1876, s. 561.1212, or s. 624.51056. 363 1. The taxpayer shall specify in the application each tax 364 for which the taxpayer requests a credit and the applicable 365 taxable year for a credit under s. 220.1876 or s. 624.51056 or 366 the applicable state fiscal year for a credit under s. 211.0252, 367 s. 212.1833, or s. 561.1212. For purposes of s. 220.1876, a 368 taxpayer may apply for a credit to be used for a prior taxable 369 year before the date the taxpayer is required to file a return 370 for that year pursuant to s. 220.222. For purposes of s. 371 624.51056, a taxpayer may apply for a credit to be used for a 372 prior taxable year before the date the taxpayer is required to 373 file a return for that prior taxable year pursuant to ss. 374 624.509 and 624.5092. The Department of Revenue shall approve 375 tax credits on a first-come, first-served basis and must obtain 376 the division’s approval before approving a tax credit under s. 377 561.1212. 378 2. Within 10 days after approving or denying an 379 application, the Department of Revenue shall provide a copy of 380 its approval or denial letter to the administrator. 381 (c) If a tax credit approved under paragraph (b) is not 382 fully used within the specified state fiscal year for credits 383 under s. 211.0252, s. 212.1833, or s. 561.1212 or against taxes 384 due for the specified taxable year for credits under s. 220.1876 385 or s. 624.51056 because of insufficient tax liability on the 386 part of the taxpayer, the unused amount must be carried forward 387 for a period not to exceed 10 years. For purposes of s. 388 220.1876, a credit carried forward may be used in a subsequent 389 year after applying the other credits and unused carryovers in 390 the order provided in s. 220.02(8). 391 (d) A taxpayer may not convey, transfer, or assign an 392 approved tax credit or a carryforward tax credit to another 393 entity unless all of the assets of the taxpayer are conveyed, 394 assigned, or transferred in the same transaction. However, a tax 395 credit under s. 211.0252, s. 212.1833, s. 220.1876, s. 561.1212, 396 or s. 624.51056 may be conveyed, transferred, or assigned 397 between members of an affiliated group of corporations if the 398 type of tax credit under s. 211.0252, s. 212.1833, s. 220.1876, 399 s. 561.1212, or s. 624.51056 remains the same. A taxpayer shall 400 notify the Department of Revenue of its intent to convey, 401 transfer, or assign a tax credit to another member within an 402 affiliated group of corporations. The amount conveyed, 403 transferred, or assigned is available to another member of the 404 affiliated group of corporations upon approval by the Department 405 of Revenue. The Department of Revenue shall obtain the 406 division’s approval before approving a conveyance, transfer, or 407 assignment of a tax credit under s. 561.1212. 408 (e) Within any state fiscal year, a taxpayer may rescind 409 all or part of a tax credit approved under paragraph (b). The 410 amount rescinded shall become available for that state fiscal 411 year to another eligible taxpayer approved by the Department of 412 Revenue if the taxpayer receives notice from the Department of 413 Revenue that the rescindment has been accepted by the Department 414 of Revenue. The Department of Revenue must obtain the division’s 415 approval before accepting the rescindment of a tax credit under 416 s. 561.1212. Any amount rescinded under this paragraph must 417 become available to an eligible taxpayer on a first-come, first 418 served basis based on tax credit applications received after the 419 date the rescindment is accepted by the Department of Revenue. 420 (f) Within 10 days after approving or denying the 421 conveyance, transfer, or assignment of a tax credit under 422 paragraph (d), or the rescindment of a tax credit under 423 paragraph (e), the Department of Revenue shall provide a copy of 424 its approval or denial letter to the administrator. The 425 Department of Revenue shall also include the administrator on 426 all letters or correspondence of acknowledgment for tax credits 427 under s. 212.1833. 428 (g) For purposes of calculating the underpayment of 429 estimated corporate income taxes under s. 220.34 and tax 430 installment payments for taxes on insurance premiums or 431 assessments under s. 624.5092, the final amount due is the 432 amount after credits earned under s. 220.1876 or s. 624.51056 433 for contributions to the administrator are deducted. 434 1. For purposes of determining if a penalty or interest 435 under s. 220.34(2)(d)1. will be imposed for underpayment of 436 estimated corporate income tax, a taxpayer may, after earning a 437 credit under s. 220.1876, reduce any estimated payment in that 438 taxable year by the amount of the credit. 439 2. For purposes of determining if a penalty under s. 440 624.5092 will be imposed, an insurer, after earning a credit 441 under s. 624.51056 for a taxable year, may reduce any 442 installment payment for such taxable year of 27 percent of the 443 amount of the net tax due as reported on the return for the 444 preceding year under s. 624.5092(2)(b) by the amount of the 445 credit. 446 (4) ELIGIBILITY; NOTIFICATION; SCHOOL DISTRICT 447 OBLIGATIONS.— 448 (a) A student in kindergarten through grade 5 must be 449 provided books through the initiative if the student has a 450 substantial reading deficiency identified under s. 1008.25(5)(a) 451 or scored below a Level 3 on the preceding year’s statewide, 452 standardized English Language Arts assessment under s. 1008.22. 453 (b) Each school district shall notify the parent of a 454 student who meets the criteria under paragraph (a) that the 455 student is eligible to receive books at no cost through the New 456 Worlds Reading Initiative and provide the parent with the 457 application form developed by the administrator, which must 458 allow for the selection of specific book topics or genres for 459 the student. 460 (c) Once an eligible student is identified, the school 461 district shall coordinate with the administrator to initiate 462 book delivery on a monthly basis during the school year, which 463 must begin no later than October and continue through at least 464 June. However, for the 2021-2022 school year only, delivery may 465 begin no later than December 31, 2021, provided that no fewer 466 than 9 books are delivered to each student before book 467 deliveries begin for the 2022-2023 school year. 468 (d) At the beginning of each school year, students must be 469 provided options for specific book topics or genres in order to 470 maximize student interest in reading. 471 (e) A student’s eligibility for the initiative continues 472 until promotion to grade 6 or until the student’s parent opts 473 out of the initiative. 474 (f) Each school district shall participate in the 475 initiative by partnering with local nonprofit organizations, 476 raising awareness of the initiative using marketing materials 477 developed by the administrator, coordinating book delivery, and 478 identifying students and notifying parents pursuant to this 479 subsection. 480 (g) Each school district shall coordinate with each charter 481 school it sponsors for purposes of identifying eligible 482 students, notifying parents, coordinating book delivery, 483 providing the opportunity to annually select book topics and 484 genres, and raising awareness of the initiative as provided by 485 this section. 486 (h) School districts and partnering nonprofit organizations 487 shall raise awareness of the initiative, including information 488 on eligibility and video training modules under subparagraph 489 (2)(b)5., through, at least, the following: 490 1. The student handbook and the read-at-home plan under s. 491 1008.25(5)(c). 492 2. A parent or curriculum night or separate initiative 493 awareness event at each elementary school. 494 3. Partnering with the county library to host awareness 495 events, which should coincide with other initiatives such as 496 library card drives, family library nights, summer access 497 events, and other family engagement programming. 498 (5) ADMINISTRATION; RULES.— 499 (a) The Department of Revenue, the division, and the 500 Department of Education may develop a cooperative agreement to 501 assist in the administration of this section, as needed. 502 (b) The Department of Revenue may adopt rules necessary to 503 administer this section and ss. 211.0252, 212.1833, 220.1876, 504 561.1212, and 624.51056, including rules establishing 505 application forms, procedures governing the approval of tax 506 credits and carryforward tax credits under subsection (3), and 507 procedures to be followed by taxpayers when claiming approved 508 tax credits on their returns. 509 (c) The division may adopt rules necessary to administer 510 its responsibilities under this section and s. 561.1212. 511 (d) The Department of Education may adopt rules necessary 512 to administer this section. 513 (e) Notwithstanding any provision of s. 213.053 to the 514 contrary, sharing information with the division related to this 515 tax credit is considered the conduct of the Department of 516 Revenue’s official duties as contemplated in s. 213.053(8)(c), 517 and the Department of Revenue and the division are specifically 518 authorized to share information as needed to administer this 519 section. 520 Section 11. Paragraph (c) of subsection (5) of section 521 1008.25, Florida Statutes, is amended to read: 522 1008.25 Public school student progression; student support; 523 reporting requirements.— 524 (5) READING DEFICIENCY AND PARENTAL NOTIFICATION.— 525 (c) The parent of any student who exhibits a substantial 526 deficiency in reading, as described in paragraph (a), must be 527 notified in writing of the following: 528 1. That his or her child has been identified as having a 529 substantial deficiency in reading, including a description and 530 explanation, in terms understandable to the parent, of the exact 531 nature of the student’s difficulty in learning and lack of 532 achievement in reading. 533 2. A description of the current services that are provided 534 to the child. 535 3. A description of the proposed intensive interventions 536 and supports that will be provided to the child that are 537 designed to remediate the identified area of reading deficiency. 538 4. That if the child’s reading deficiency is not remediated 539 by the end of grade 3, the child must be retained unless he or 540 she is exempt from mandatory retention for good cause. 541 5. Strategies, including multisensory strategies, through a 542 read-at-home plan the parent can use in helping his or her child 543 succeed in reading. 544 6. That the statewide, standardized English Language Arts 545 assessment is not the sole determiner of promotion and that 546 additional evaluations, portfolio reviews, and assessments are 547 available to the child to assist parents and the school district 548 in knowing when a child is reading at or above grade level and 549 ready for grade promotion. 550 7. The district’s specific criteria and policies for a 551 portfolio as provided in subparagraph (6)(b)4. and the evidence 552 required for a student to demonstrate mastery of Florida’s 553 academic standards for English Language Arts. A parent of a 554 student in grade 3 who is identified anytime during the year as 555 being at risk of retention may request that the school 556 immediately begin collecting evidence for a portfolio. 557 8. The district’s specific criteria and policies for 558 midyear promotion. Midyear promotion means promotion of a 559 retained student at any time during the year of retention once 560 the student has demonstrated ability to read at grade level. 561 9. Information about the student’s eligibility for the New 562 Worlds Reading Initiative under s. 1003.485 and information on 563 parent training modules and other reading engagement resources 564 available through the initiative. 565 Section 12. The Department of Revenue is authorized, and 566 all conditions are deemed met, to adopt emergency rules under s. 567 120.54(4), Florida Statutes, for the purpose of implementing 568 provisions related to the New Worlds Reading Initiative Tax 569 Credit created by this act. Notwithstanding any other law, 570 emergency rules adopted under this section are effective for 6 571 months after adoption and may be renewed during the pendency of 572 procedures to adopt permanent rules addressing the subject of 573 the emergency rules. 574 Section 13. This act shall take effect upon becoming a law. 575 576 ================= T I T L E A M E N D M E N T ================ 577 And the title is amended as follows: 578 Delete everything before the enacting clause 579 and insert: 580 A bill to be entitled 581 An act relating to home book delivery for elementary 582 students; providing legislative findings; creating ss. 583 211.0252 and 212.1833, F.S.; providing credits against 584 oil and gas production taxes and sales taxes payable 585 by direct pay permitholders, respectively, under the 586 New Worlds Reading Initiative Tax Credit; specifying 587 requirements and procedures for, and limitations on, 588 the credits; amending s. 220.02, F.S.; revising the 589 order in which tax credits against the corporate 590 income tax credit or the franchise tax are applied; 591 amending s. 220.13, F.S.; revising the definition of 592 the term “adjusted federal income”; amending s. 593 220.186, F.S.; revising the calculation of the 594 corporate income tax credit for the Florida 595 alternative minimum tax; creating s. 220.1876, F.S.; 596 providing a credit against the corporate income tax 597 under the New Worlds Reading Initiative Tax Credit; 598 specifying requirements and procedures for, and 599 limitations on, the credit; creating ss. 561.1212 and 600 624.51056, F.S.; providing credits against excise 601 taxes on certain alcoholic beverages and the insurance 602 premium tax, respectively, under the New Worlds 603 Initiative Tax Credit; specifying requirements and 604 procedures for, and limitations on, the credits; 605 creating s. 1003.485 F.S.; providing definitions; 606 establishing the New Worlds Reading Initiative under 607 the Department of Education; requiring the department 608 to contract with a state university to administer the 609 initiative; providing duties of the department and 610 administrator; requiring the administrator, in 611 consultation with a specified entity, to develop a 612 selection of books; requiring the administrator to 613 facilitate distribution of books; requiring the 614 administrator to assist with local implementation of 615 the initiative; requiring the administrator to 616 maintain a clearinghouse of specified information; 617 requiring the administrator to develop and disseminate 618 certain training materials by specified means; 619 requiring the administrator to annually submit an 620 audit report; requiring the administrator to maintain 621 specified accounts for program funds; providing 622 spending requirements; requiring the administrator to 623 provide a certificate of contribution in certain 624 circumstances; establishing reporting requirements; 625 establishing a tax credit cap amount; authorizing a 626 taxpayer to apply for a tax credit; providing 627 requirements for the application; specifying a 628 limitation on, and application procedures for, the tax 629 credit; specifying requirements and procedures for, 630 and restrictions on, the carryforward, conveyance, 631 transfer, assignment, and rescindment of credits; 632 specifying requirements and procedures for the 633 Department of Revenue; establishing student 634 eligibility requirements; requiring school districts 635 to identify eligible students and notify parents; 636 requiring school districts to coordinate with the 637 administrator to initiate book delivery; providing 638 requirements for book delivery; requiring that 639 students be offered certain options relating to books; 640 specifying when student eligibility ends; requiring 641 school districts raise awareness of the initiative; 642 authorizing the Department of Revenue, the Division of 643 Alcoholic Beverages and Tobacco of the Department of 644 Business and Professional Regulation, and the 645 Department of Education to develop a cooperative 646 agreement and adopt rules; amending s. 1008.25, F.S.; 647 requiring that a certain notification include 648 information about the initiative; authorizing the 649 Department of Revenue to adopt emergency rules; 650 providing an effective date.