FL H1069 | 2020 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on March 14 2020 - 100% progression
Action: 2020-03-14 - Died in Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Establishes tax credit for carbon farming; requires Secretary of DEP, in consultation with DOR & DACS, to determine amount of tax credit; requires DOR to certify taxpayer's eligibility for credit; authorizes tax credit to carry forward for period of time; requires department to adopt rules; making technical change; revises order in which credits against corporate income tax or franchise tax may be taken to include credits for carbon farming; revises term "adjusted federal income" to include certain tax credits taken relating to carbon farming.

Tracking Information

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Title

Tax Credit for Carbon Farming

Sponsors


History

DateChamberAction
2020-03-14HouseDied in Ways and Means Committee
2020-03-14HouseIndefinitely postponed and withdrawn from consideration
2020-01-14HouseIntroduced
2020-01-13HouseReferred to Ways and Means Committee; Agriculture and Natural Resources Subcommittee; Appropriations Committee
2020-01-03HouseFiled

Same As/Similar To

S286 (Same As) 2020-03-14 - Died in Agriculture

Code Citations

ChapterArticleSectionCitation TypeStatute Text
22002Amended CodeSee Bill Text
22013Amended CodeSee Bill Text
220197Amended CodeSee Bill Text

Florida State Sources


Bill Comments

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