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The Florida Senate

HB 1069: Tax Credit for Carbon Farming


Tax Credit for Carbon Farming; Establishes tax credit for carbon farming; requires Secretary of DEP, in consultation with DOR & DACS, to determine amount of tax credit; requires DOR to certify taxpayer's eligibility for credit; authorizes tax credit to carry forward for period of time; requires department to adopt rules; making technical change; revises order in which credits against corporate income tax or franchise tax may be taken to include credits for carbon farming; revises term "adjusted federal income" to include certain tax credits taken relating to carbon farming.

Effective Date: 7/1/2020
Last Action: 3/14/2020 House - Died in Ways and Means Committee
Bill Text: PDF

Bill History

Date Chamber Action
1/3/2020 House • Filed
1/13/2020 House • Referred to Ways and Means Committee; Agriculture and Natural Resources Subcommittee; Appropriations Committee -HJ 93
1/14/2020 House • Introduced -HJ 93
3/14/2020 House • Indefinitely postponed and withdrawn from consideration
• Died in Ways and Means Committee