HB 1293 2022
CODING: Words stricken are deletions; words underlined are additions.
hb1293-00
Page 1 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to tax exemptions and tax credits; 2
amending s. 201.25, F.S.; exempting certain federal 3
loans from documentary stamp taxes; amending s. 4
220.196, F.S.; revising upward the amount of money 5
available for research and development tax credits; 6
providing applicability; providing an effective date. 7
8
Be It Enacted by the Legislature of the State of Florida: 9
10
Section 1. Subsection (2) of section 201 .25, Florida 11
Statutes, is renumbered as subsection (3), and a new subsection 12
(2) is added to that section to read: 13
201.25 Tax exemptions for certain loans. —There shall be 14
exempt from all taxes imposed by this chapter: 15
(2) Any federal loan that is relat ed to a state of 16
emergency declared by executive order or proclamation of the 17
Governor pursuant to s. 252.36. 18
Section 2. Paragraph (e) of subsection (2) of section 19
220.196, Florida Statutes, is amended to read: 20
220.196 Research and development tax cr edit.— 21
(2) TAX CREDIT.— 22
(e) The combined total amount of tax credits which may be 23
granted to all business enterprises under this section during 24
any calendar year is $50 $9 million, except that the total 25
HB 1293 2022
CODING: Words stricken are deletions; words underlined are additions.
hb1293-00
Page 2 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
amount that may be awarded in the 2018 calendar y ear is $16.5 26
million. Applications may be filed with the department on or 27
after March 20 and before March 27 for qualified research 28
expenses incurred within the preceding calendar year. If the 29
total credits for all applicants exceed the maximum amount 30
allowed under this paragraph, the credits shall be allocated on 31
a prorated basis. 32
Section 3. The amendment made by this act to s. 220.196, 33
Florida Statutes, first applies to the 2022 allocation of tax 34
credits for expenses incurred in the 2021 calendar year . 35
Section 4. This act shall take effect July 1, 2022. 36