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Senate Bill 0014

Senate Bill sb0014

CODING: Words stricken are deletions; words underlined are additions.
    Florida Senate - 2006                                    SB 14

    By Senator Siplin





    19-538-06

  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

  4         legislative intent relating to application of

  5         certain corporate income tax credits; creating

  6         s. 220.1893, F.S.; providing an additional

  7         credit against the corporate income tax for

  8         businesses hiring certain persons under certain

  9         circumstances; providing requirements and

10         limitations; requiring the Department of

11         Revenue and the Agency for Workforce Innovation

12         to adopt certain rules and establish certain

13         guidelines; 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

22  be applied in the following order: those enumerated in s.

23  631.828, those enumerated in s. 220.191, those enumerated in

24  s. 220.181, those enumerated in s. 220.183, those enumerated

25  in s. 220.182, those enumerated in s. 220.1895, those

26  enumerated in s. 221.02, those enumerated in s. 220.184, those

27  enumerated in s. 220.186, those enumerated in s. 220.1845,

28  those enumerated in s. 220.19, those enumerated in s. 220.185,

29  and those enumerated in s. 220.187, and those enumerated in s.

30  220.1893.

31  

                                  1

CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2006                                    SB 14
    19-538-06




 1         Section 2.  Section 220.1893, Florida Statutes, is

 2  created to read:

 3         220.1893  State work opportunity tax credit.--

 4         (1)(a)  Beginning January 1, 2007, there shall be

 5  allowed a credit against the tax imposed by this chapter to

 6  any business that hires a person who has been convicted of a

 7  felony if the hiring is within 3 years after that person's

 8  release from a state prison or to any business that hires a

 9  person who has been convicted of a felony and is on community

10  control or probation, as defined by s. 948.001, for the

11  commission of a felony.

12         (b)1.  Except as provided in subparagraph 2., the

13  credit shall be computed as 40 percent of the wages paid to

14  the employee during each taxable period. The credit may be

15  claimed for a maximum of five eligible employees per taxable

16  period and may not exceed $2,400 per eligible employee.

17         2.  For a small business, or minority business

18  enterprise, as defined in s. 288.703, the credit shall be

19  computed as 50 percent of the wages paid to the employee

20  during each taxable period. The credit may be claimed for a

21  maximum of five eligible employees per taxable period and may

22  not exceed $3,000 per eligible employee.

23         (2)  When filing for a credit under this section, a

24  business must apply for and receive certification from the

25  Agency for Workforce Innovation that the employee for whom

26  this credit is claimed is a person as described in paragraph

27  (1)(a).

28         (3)  The department and the agency shall adopt rules

29  governing the manner and form of applications for the credit

30  and may establish guidelines concerning the requisites for an

31  

                                  2

CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2006                                    SB 14
    19-538-06




 1  affirmative showing of qualification for the credit under this

 2  section.

 3         Section 3.  This act shall take effect upon becoming a

 4  law.

 5  

 6            *****************************************

 7                          SENATE SUMMARY

 8    Revises legislative intent relating to application of
      certain corporate income tax credits. Provides an
 9    additional credit against the corporate income tax for
      certain businesses hiring former convicted felons.
10    Provides requirements and limitations. Provides for the
      Department of Revenue and the Agency for Workforce
11    Innovation to adopt rules and establish guidelines.

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CODING: Words stricken are deletions; words underlined are additions.

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