THE BILL ITSELF
SB 1076
Research and Development Tax Credit
Florida Senate - 2026 SB 1076 By Senator Calatayud 38-01235-26 20261076__
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A bill to be entitled
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An act relating to the research and development tax
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credit; amending s. 220.196, F.S.; increasing the
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combined total amount of tax credits which may be
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granted to business enterprises under the research and
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development tax credit; deleting an obsolete
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provision; providing applicability; providing an
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effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Paragraph (e) of subsection (2) of section
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220.196, Florida Statutes, is amended to read:
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220.196 Research and development tax credit.—
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(2) TAX CREDIT.—
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(e) The combined total amount of tax credits which may be
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granted to all business enterprises under this section during
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any calendar year is $50 $9 million , except that the total
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amount that may be awarded in the 2018 calendar year is $16.5
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million . Applications may be filed with the department on or
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after March 20 and before March 27 for qualified research
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expenses incurred within the preceding calendar year. If the
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total credits for all applicants exceed the maximum amount
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allowed under this paragraph, the credits must shall be
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allocated on a prorated basis.
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Section 2. The amendment made by this act to s. 220.196,
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Florida Statutes, first applies to the 2027 allocation of tax
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credits for expenses incurred in calendar year 2026.
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Section 3. This act shall take effect July 1, 2026.