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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

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  • 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    3/14/2020 House • Indefinitely postponed and withdrawn from consideration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

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  • HB 1069, Original Filed Version (Current Bill Version) Posted 1/3/2020 at 10:28 AM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 286 Tax Credit for Carbon Farming Rodriguez Identical Last Action: 3/14/2020 S Died in Agriculture

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    220.02 Legislative intent. Page 4 (pdf)
    220.13 “Adjusted federal income” defined. Page 4 (pdf)
    220.197 Page 2 (pdf)

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