HB 835 2025
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hb835-00
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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 credits for housing for 2
homeless employees; creating s. 220.1985, F.S.; 3
providing definitions; creating specified tax credits 4
for certain businesses that provide housing for 5
employees; providing requirements to receive such 6
credit; providing the maximum amount of tax credits 7
that may be distributed; requiring the department to 8
approve credits before they may be used; requiring 9
such approval be done in a specified order; 10
authorizing the Department of Revenue to adopt rules, 11
including emergency rules; authorizing tax credits be 12
carried forward for a specified period; providing an 13
effective date. 14
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Be It Enacted by the Legislature of the Stat e of Florida: 16
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Section 1. Section 220.1985, Florida Statutes, is created 18
to read: 19
220.1985 Tax credits for employee housing. — 20
(1) As used in this section the term: 21
(a) "Converted housing" means unused, abandoned, or 22
delinquent property rehabilita ted to serve as workforce housing. 23
(b) "Employee" includes an apprentice, as defined in s. 24
446.021(2), a preapprentice, as defined in s. 446.021(1), or a 25
HB 835 2025
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hb835-00
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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
student intern, as defined in s. 220.198. 26
(c) "Qualified business" is a business which provides 27
housing for a qualified employee at a rate that does not exceed 28
the amount specified by the most recent multifamily rental 29
programs income and rent limit chart posted by the Florida 30
Housing Finance Corporation. 31
(d) "Qualified employee" means an employee wh o is 32
homeless, as defined in s. 414.0252. 33
(2) For taxable years beginning on or after January 1, 34
2026, a qualified business is eligible for a credit against the 35
tax imposed by this chapter in the amount of $2,000 per 36
qualified employee. 37
(3) The qualified business is eligible for an additional 38
credit against the tax imposed by this chapter in the amount of 39
$1,000 per qualified employee if the housing provided by the 40
qualified business is converted housing owned by the qualified 41
business. The converted ho using must meet all building, housing, 42
and health codes, as defined in s. 83.43. 43
(4) In order to receive a tax credit under this section 44
the qualified business must complete an application. The 45
department may require any information necessary to determin e if 46
the business is eligible for a tax credit under this section. 47
(5) The combined total amount of tax credits which may be 48
granted to qualified businesses each year under this section is 49
$5 million. The department must approve the tax credit prior to 50
HB 835 2025
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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
the taxpayer taking the credit on a return. The department must 51
approve credits on a first -come, first-served basis. 52
(6) The department may adopt rules, including emergency 53
rules pursuant to s. 120.54(4), governing the manner and form of 54
applications for the tax credit and establishing qualification 55
requirements for the tax credit. All conditions are deemed met 56
for the adoption of emergency rules pursuant to s. 120.54(4). 57
(7) A qualified business may carry forward any unused 58
portion of a tax credit under this section for up to 2 taxable 59
years. 60
Section 2. This act shall take effect July 1, 2025. 61