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,
andthose 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.