Increases the annual research and development tax credit limit to $9 million.

The bill amends the research and development tax credit under Florida Statutes, increasing the annual limit from $50 million to $9 million. It specifies that the new limit applies to the 2027 allocation of tax credits for expenses incurred in calendar year 2026. The bill also removes obsolete language and sets an effective date of July 1, 2026.

Increases the annual research and development tax credit limit to $9 million.

The bill amends the research and development tax credit under Florida Statutes, increasing the annual limit from $50 million to $9 million. It specifies that the new limit applies to the 2027 allocation of tax credits for expenses incurred in calendar year 2026. The bill also removes obsolete language and sets an effective date of July 1, 2026.