Florida Proposed Rules
|Rule Number: Rule Title
12C-1.0198 Internship Tax Credit Program
|Next Step:||A rule development workshop will be held at the beginning of calendar year 2022; a notice announcing the workshop and publication of draft rule text will be published in the Florida Administrative Register no less than two weeks before the workshop.
F-1198: Florida Internship Tax Credit Program Application for Tax Credit
The purpose of this rulemaking is to implement the Florida Internship Tax Credit Program pursuant to Section 220.198, F.S., as created by Section 34 of Chapter 2021-31, L.O.F., during the 2021 legislative session. Under Section 220.198, F.S., a business is eligible for a credit against the tax imposed by Ch. 220, F.S., equal to $2,000 per student intern, but may not claim more than $10,000 in any one taxable year. To claim a tax credit, businesses must meet the criteria specified in Section 220.198(3) and (4), F.S.