Florida Senate - 2017                                     SB 276
       
       
        
       By Senator Bracy
       
       11-00394-17                                            2017276__
    1                        A bill to be entitled                      
    2         An act relating to a state work opportunity tax
    3         credit; amending s. 220.02, F.S.; revising legislative
    4         intent relating to the application of certain
    5         corporate income tax credits; creating s. 220.1893,
    6         F.S.; providing an additional credit against the
    7         corporate income tax, beginning on a specified date
    8         and under certain circumstances, for businesses hiring
    9         certain persons convicted of a felony; providing
   10         requirements and limitations; requiring the Department
   11         of Revenue and the Department of Economic Opportunity
   12         to adopt rules and establish certain guidelines;
   13         providing an effective date.
   14          
   15  Be It Enacted by the Legislature of the State of Florida:
   16  
   17         Section 1. Subsection (8) of section 220.02, Florida
   18  Statutes, is amended to read:
   19         220.02 Legislative intent.—
   20         (8) It is the intent of the Legislature that credits
   21  against either the corporate income tax or the franchise tax be
   22  applied in the following order: those enumerated in s. 631.828,
   23  those enumerated in s. 220.191, those enumerated in s. 220.181,
   24  those enumerated in s. 220.183, those enumerated in s. 220.182,
   25  those enumerated in s. 220.1895, those enumerated in s. 220.195,
   26  those enumerated in s. 220.184, those enumerated in s. 220.186,
   27  those enumerated in s. 220.1845, those enumerated in s. 220.19,
   28  those enumerated in s. 220.185, those enumerated in s. 220.1875,
   29  those enumerated in s. 220.192, those enumerated in s. 220.193,
   30  those enumerated in s. 288.9916, those enumerated in s.
   31  220.1899, those enumerated in s. 220.194, and those enumerated
   32  in s. 220.196, and those enumerated in s. 220.1893.
   33         Section 2. Section 220.1893, Florida Statutes, is created
   34  to read:
   35         220.1893 State work opportunity tax credit.—
   36         (1)(a) Beginning January 1, 2018, there shall be allowed a
   37  credit against the tax imposed by this chapter to any business
   38  that hires a person who has been convicted of a felony if his or
   39  her hiring occurs within 3 years after his or her release from a
   40  state prison, or to any business that hires a person who has
   41  been convicted of a felony and who is on community control or
   42  probation, as defined by s. 948.001, for the commission of a
   43  felony.
   44         (b)1. Except as provided in subparagraph 2., the credit
   45  shall be computed as 40 percent of the wages paid to the
   46  employee during each taxable period. The credit may be claimed
   47  for a maximum of five eligible employees per taxable period and
   48  may not exceed $2,400 per eligible employee.
   49         2. For a small business or minority business enterprise, as
   50  defined in s. 288.703, the credit shall be computed as 50
   51  percent of the wages paid to the employee during each taxable
   52  period. The credit may be claimed for a maximum of five eligible
   53  employees per taxable period and may not exceed $3,000 per
   54  eligible employee.
   55         (2) When filing for a credit under this section, a business
   56  must apply for and receive certification from the Department of
   57  Economic Opportunity that the employee for whom this credit is
   58  claimed is a person as described in paragraph (1)(a).
   59         (3) The department and the Department of Economic
   60  Opportunity shall adopt rules governing the manner and form of
   61  applications for the credit and may establish guidelines
   62  concerning the requisites for an affirmative showing of
   63  qualification for the credit under this section.
   64         Section 3. This act shall take effect upon becoming a law.