Florida SB 1076: Research and Development Tax Credit

Bill Text

1076 
Research and Development Tax Credit 
2026-01-05T08:18:25Z 
Increasing the combined total amount of tax credits which may be granted to business enterprises under the research and development tax credit, etc. 
Original Filed Version 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
__ 

 Florida Senate - 2026 SB 1076 

 By Senator Calatayud 

 38-01235-26 20261076__ 
 1 A bill to be entitled 
 2 An act relating to the research and development tax 
 3 credit; amending s. 220.196, F.S.; increasing the 
 4 combined total amount of tax credits which may be 
 5 granted to business enterprises under the research and 
 6 development tax credit; deleting an obsolete 
 7 provision; providing applicability; providing an 
 8 effective date. 
 9 
 10 Be It Enacted by the Legislature of the State of Florida: 
 11 
 12 Section 1. Paragraph (e) of subsection (2) of section 
 13 220.196, Florida Statutes, is amended to read: 
 14 220.196 Research and development tax credit.— 
 15 (2) TAX CREDIT.— 
 16 (e) The combined total amount of tax credits which may be 
 17 granted to all business enterprises under this section during 
 18 any calendar year is $50 $9 million, except that the total 
 19 amount that may be awarded in the 2018 calendar year is $16.5 
 20 million. Applications may be filed with the department on or 
 21 after March 20 and before March 27 for qualified research 
 22 expenses incurred within the preceding calendar year. If the 
 23 total credits for all applicants exceed the maximum amount 
 24 allowed under this paragraph, the credits must shall be 
 25 allocated on a prorated basis. 
 26 Section 2. The amendment made by this act to s. 220.196, 
 27 Florida Statutes, first applies to the 2027 allocation of tax 
 28 credits for expenses incurred in calendar year 2026. 
 29 Section 3. This act shall take effect July 1, 2026.