| 15 | | - | An act relating to apprenticeship tax credits; 2 |
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| 16 | | - | creating s. 220.199, F.S.; providing definitions; 3 |
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| 17 | | - | providing a tax credit to certain taxpayers who employ 4 |
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| 18 | | - | apprentices in an apprenticeship program; providing a 5 |
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| 19 | | - | cap on the amount of tax credit per apprentice; 6 |
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| 20 | | - | specifying information the taxpayer must provide to 7 |
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| 21 | | - | the Department of Revenue to claim a tax credit; 8 |
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| 22 | | - | specifying the method for calculating the tax credit; 9 |
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| 23 | | - | prohibiting taxpayers from claiming a tax credit for 10 |
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| 24 | | - | an individual apprentice for more than a specified 11 |
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| 25 | | - | number of years; authorizing tax credits to be carried 12 |
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| 26 | | - | forward for up to a specified number of years; 13 |
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| 27 | | - | authorizing the department to adopt rules; provid ing 14 |
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| 28 | | - | an effective date. 15 |
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| 15 | + | An act relating to apprenticeship tax credit; creating 2 |
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| 16 | + | s. 220.199, F.S.; providing definitions; providing a 3 |
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| 17 | + | tax credit to certain taxpayers who employ apprentices 4 |
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| 18 | + | in specified programs; providing a cap on the amount 5 |
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| 19 | + | of tax credit per apprentice; specifying the method 6 |
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| 20 | + | for calculating the tax credit; prohibiting taxpayers 7 |
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| 21 | + | from claiming a tax credit for an individual 8 |
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| 22 | + | apprentice for more than a specified num ber of years; 9 |
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| 23 | + | authorizing tax credits to be carried forward for up 10 |
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| 24 | + | to a specified number of years; authorizing the 11 |
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| 25 | + | Department of Revenue to adopt rules; providing an 12 |
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| 26 | + | effective date. 13 |
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| 27 | + | 14 |
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| 28 | + | Be It Enacted by the Legislature of the State of Florida: 15 |
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| 30 | | - | Be It Enacted by the Legislature of the State of Florida: 17 |
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| 31 | | - | 18 |
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| 32 | | - | Section 1. Section 220.199, Florida Statutes, is created 19 |
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| 33 | | - | to read: 20 |
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| 34 | | - | 220.199 Apprenticeship tax credit program. — 21 |
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| 35 | | - | (1) For purposes of this section, the term: 22 |
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| 36 | | - | (a) "Apprentice" has the same meaning as in s. 446.021(2). 23 |
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| 37 | | - | (b) "Apprenticeship program" has the same meaning as in s. 24 |
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| 38 | | - | 446.021(6). 25 |
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| 30 | + | Section 1. Section 220.199, Florida Statutes, is created 17 |
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| 31 | + | to read: 18 |
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| 32 | + | 220.199 Apprenticeship tax credit program. — 19 |
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| 33 | + | (1) For purposes of this section, the term: 20 |
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| 34 | + | (a) "Apprentice" has the same meanings as in s. 21 |
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| 35 | + | 446.021(2). 22 |
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| 36 | + | (b) "Apprenticeship program" has the sam e meaning as in s. 23 |
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| 37 | + | 446.021(6). 24 |
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| 38 | + | (2)(a) For taxable years beginning on or after January 1, 25 |
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| 51 | | - | (2)(a) For taxable years beginning on or after January 1, 26 |
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| 52 | | - | 2023, a taxpayer who employs an apprentice in an apprenticeship 27 |
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| 53 | | - | program is eligible to receive a credit against the tax imposed 28 |
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| 54 | | - | by this chapter in an amount up to $2,000 for each apprentice 29 |
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| 55 | | - | employed in the previous tax year. The tax credit shall equal 30 |
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| 56 | | - | dollar for dollar the total number of hours that the apprentice 31 |
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| 57 | | - | worked in the previous tax year, up to 2,000 hours. 32 |
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| 58 | | - | (b) In order to claim a tax credit, a taxpayer must 33 |
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| 59 | | - | provide to the department the taxpayer's Registered 34 |
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| 60 | | - | Apprenticeship Partners Information Data System (RAPIDS) program 35 |
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| 61 | | - | identification number, which the departmen t may verify with the 36 |
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| 62 | | - | Department of Education. The taxpayer must also provide to the 37 |
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| 63 | | - | department the following information: 38 |
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| 64 | | - | 1. The RAPIDS apprentice identification number for each 39 |
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| 65 | | - | apprentice employed in the previous taxable year; 40 |
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| 66 | | - | 2. The total number o f hours that each apprentice worked 41 |
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| 67 | | - | in the previous taxable year; 42 |
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| 68 | | - | 3. A calculation of the total amount of tax credit sought 43 |
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| 69 | | - | for each apprentice employed in the previous taxable year; and 44 |
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| 70 | | - | 4. The total amount of tax credit sought for all 45 |
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| 71 | | - | apprentices employed in the applicable taxable year. 46 |
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| 72 | | - | (c) The department may validate the taxpayer's eligibility 47 |
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| 73 | | - | to claim a tax credit under this section by verifying the 48 |
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| 74 | | - | taxpayer's RAPIDS program identification number and the 49 |
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| 75 | | - | apprentice's RAPIDS apprentice identificatio n number. 50 |
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| 76 | | - | |
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| 77 | | - | CS/HB 1447 2022 |
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| 78 | | - | |
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| 79 | | - | |
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| 80 | | - | |
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| 81 | | - | CODING: Words stricken are deletions; words underlined are additions. |
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| 82 | | - | hb1447-01-c1 |
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| 83 | | - | Page 3 of 3 |
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| 84 | | - | 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 ES |
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| 85 | | - | |
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| 86 | | - | |
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| 87 | | - | |
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| 88 | | - | (d) A taxpayer may not claim a tax credit for an 51 |
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| 89 | | - | individual apprentice for more than 4 taxable years. 52 |
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| 90 | | - | (3) Any unused tax credit authorized under this section 53 |
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| 91 | | - | may be carried forward and claimed by the taxpayer for up to 5 54 |
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| 92 | | - | taxable years. 55 |
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| 93 | | - | (4) The department may adopt rules governing the manner 56 |
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| 94 | | - | and form of applications for the tax credit and establishing 57 |
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| 95 | | - | requirements for the proper administration of the tax credit. 58 |
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| 96 | | - | Section 2. This act shall take effect July 1, 2022. 59 |
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| 51 | + | 2023, a taxpayer who employs an apprentice in an approved 26 |
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| 52 | + | apprenticeship program is eligible to receive a credit against 27 |
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| 53 | + | the tax imposed by this chapter in an amount up to $2,000 for 28 |
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| 54 | + | each apprentice employed in the applicable tax year. The tax 29 |
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| 55 | + | credit shall equal dollar for dollar the total number of hours, 30 |
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| 56 | + | up to 2,000 hours, that the apprentice worked in the applicable 31 |
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| 57 | + | tax year. 32 |
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| 58 | + | (b) A taxpayer may not claim a tax cr edit for an 33 |
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| 59 | + | individual apprentice for more than 4 taxable years. 34 |
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| 60 | + | (3) Any unused tax credit authorized under this section 35 |
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| 61 | + | may be carried forward and claimed by the taxpayer for up to 5 36 |
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| 62 | + | taxable years. 37 |
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| 63 | + | (4) The department may adopt rules governing the mann er 38 |
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| 64 | + | and form of applications for the tax credit and establishing 39 |
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| 65 | + | requirements for the proper administration of the tax credit. 40 |
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| 66 | + | Section 2. This act shall take effect July 1, 2022. 41 |
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