Florida H0051 proposes tax credits for businesses providing housing to homeless employees.

Florida H0051 creates tax credits for businesses that provide housing to employees who were homeless. Businesses can receive up to $2,000 per qualified employee, with an additional $1,000 credit if the housing is converted from idle property. Businesses must apply to the Department of Commerce for approval, which will be granted on a first-come, first-served basis. The tax credit can be carried forward for up to two years but cannot be transferred. The act defines "homeless" and "qualified employee" and sets a $5 million cap on total tax credits.

Florida H0051 proposes tax credits for businesses providing housing to homeless employees.

Florida H0051 creates tax credits for businesses that provide housing to employees who were homeless. Businesses can receive up to $2,000 per qualified employee, with an additional $1,000 credit if the housing is converted from idle property. Businesses must apply to the Department of Commerce for approval, which will be granted on a first-come, first-served basis. The tax credit can be carried forward for up to two years but cannot be transferred. The act defines "homeless" and "qualified employee" and sets a $5 million cap on total tax credits.