Florida S1182 provides incentives for veteran-owned and military spouse-owned businesses, including fee waivers and tax exemptions.
Florida S1182, the Florida Veterans and Military Spouses Business Development Act, aims to support veteran-owned and military spouse-owned businesses by offering incentives. The bill requires the Department of State to waive fees for new businesses and those relocating to Florida, provided they meet specific criteria. Additionally, eligible businesses receive a five-year tax exemption from corporate income and franchise taxes. The Department of Revenue must establish procedures for claiming these exemptions.
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