Find Out How to Qualify for R&D Tax Credit
The Florida Department of Revenue (DOR) will begin collecting applications for the R&D Tax Credit against the Corporate Income Tax for tax year 2015 on Sunday, March 20, 2016. The application will be live online until March 26, 2016 at 11:59 PM. During that time, the amount of credits that will be awarded is $23 million, and if applications exceed the cap, will be awarded on a pro-rata basis.
Prior to applying through DOR, companies must certify through the Department of Economic Opportunity that they are a qualified targeted industry business. For additional information on how to apply, including screenshots of the application and information on how to qualify, DOR has released a “Tax Information Publication.”
R&D Tax Credits for 2016 Tax Year
During the 2016 Legislative Session, the Florida Chamber, along with Representatives Ed Narain (D-Tampa), Jay Fant (R-Jacksonville), Matt Gaetz (R-Shalimar) and Senator Jeff Brandes (R- St. Petersburg), advocated to increase the $9 million cap for a second year in a row. Unfortunately, these efforts were not fruitful. The maximum amount of tax credits awarded during the 2017 application period, for the 2016 tax year, will be $9 million. However, these credits will continue to be awarded on a pro-rata basis if the cap is exceeded.
Contact Carolyn Johnson and share the great R&D work that you are performing in Florida or how fewer credits awarded in 2017 might impact your business at 850-521-1235 or email@example.com.
Florida Chamber Testifies in Support of Protecting Private Property Rights
October 6, 2015
The Florida House Criminal Justice Subcommittee today considered proposed legislation that creates a new government mandate providing gun owners with a new right to openly carry their gun on public and private property. Many businesses have contacted the Florida Chamber to say they are gun owners and fierce champions of their gun rights, but they are also private property owners and want their constitutionally enshrined private property rights equally protected. This legislation, as currently written, has fostered concern that these two fundamental rights are not adequately and equitably balanced, and instead creates a new government regulation on Florida businesses that would have politicians deciding what happens on privately owned property and businesses instead of property owners, employers and managers.
Today, Gary Hunter, a property rights lawyer for the Florida Chamber and owner of numerous firearms himself, testified in support of private property rights. Hunter voiced concerns that the bill could infringe on the property rights of business owners who want to retain their constitutional right and responsibility to decide what happens on their private property. Hunter’s comments were echoed by committee members, Rep. Scott Plakon (R-Longwood) and Rep. Ross Spano (R-Riverview). Rep. Spano expressed concerns that the bill did not allow private business owners, such as restaurateurs, to decide if weapons were not allowed in dining rooms.
Additionally, bill sponsor Rep. Matt Gaetz (R-Shalimar) expressed his willingness to work with the Florida Chamber to protect private property rights by amending the legislation to find an appropriate balance. The bill passed 8-4, and will be heard by additional committees in the near future.
Take Action Now
Over the coming days, the Florida Chamber would like input from your company’s General Counsel regarding this proposed legislation, HB 0163. Please contact Frank Walker, Vice President of Government Affairs at firstname.lastname@example.org or 850-521-1211 for more details.