Florida S1672 creates a tax credit for employers contributing to employees' home purchases.

Florida S1672 establishes a tax credit for employers contributing to eligible employees' home purchases. Eligible taxpayers are employers who have operated in the state for at least three years. Eligible employees must have established permanent residency in the state and not previously owned a home there. Employers can receive a tax credit for 100 percent of contributions up to $5,000 per employee. Contributions can be for down payments or closing costs.

Florida S1672 creates a tax credit for employers contributing to employees' home purchases.

Florida S1672 establishes a tax credit for employers contributing to eligible employees' home purchases. Eligible taxpayers are employers who have operated in the state for at least three years. Eligible employees must have established permanent residency in the state and not previously owned a home there. Employers can receive a tax credit for 100 percent of contributions up to $5,000 per employee. Contributions can be for down payments or closing costs.