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The Florida Senate

CS/SB 1642: Tax Exemptions

GENERAL BILL by Commerce and Tourism ; Gruters

Tax Exemptions; Revising the affordable housing property exemption to exempt from ad valorem taxation, rather than provide a discount to, certain multifamily projects after a certain timeframe; providing a sales tax exemption for certain aircraft equipment used as part of certain governmental contracts; providing a credit against the corporate income tax, the sales and use tax, or a stated combination of the two taxes to a qualifying business that establishes a qualifying project for the creation of intellectual property which meets certain capital investment criteria, etc.

Effective Date: Except as otherwise expressly provided in this act, this act shall take effect upon becoming a law
Last Action: 2/10/2020 Senate - Now in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)



Bill History

Date Chamber Action
1/9/2020 Senate • Filed
1/17/2020 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 161
1/22/2020 Senate • Introduced -SJ 161
1/30/2020 Senate • On Committee agenda-- Commerce and Tourism, 02/04/20, 9:00 am, 110 Senate Building
2/4/2020 Senate • CS by Commerce and Tourism; YEAS 4 NAYS 1 -SJ 240
2/5/2020 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
2/6/2020 Senate • CS by Commerce and Tourism read 1st time -SJ 250
2/10/2020 Senate • Now in Finance and Tax