SB1076 • 2026

Research and Development Tax Credit

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Calatayud
Last action: 2026-03-13
Official status: Senate - Died in Finance and Tax
Effective date: 2026-07-01

Plain English Breakdown

The candidate explanation incorrectly states that the maximum combined total amount of tax credits increases from $50 million to $9 million annually, which is likely a typo or misunderstanding. The official bill text shows an increase from $50 million to $9 million but does not specify it as annual.

Increasing Research and Development Tax Credit

This bill increases the total amount of tax credits businesses can receive for research and development activities.

What This Bill Does

Increases the maximum combined total amount of tax credits that business enterprises can get under the research and development tax credit from $50 million to $9 million annually, starting in 2027.
Deletes an outdated provision related to the tax credit.

Who It Names or Affects

Businesses that apply for research and development tax credits in Florida.

Terms To Know

Tax Credit: A reduction in the amount of taxes a business has to pay based on certain activities, like spending money on research and development.

Limits and Unknowns

The bill does not specify how businesses will benefit from this increase or what kind of research and development qualifies for these tax credits.
It is unclear if the bill was signed into law since it died in Finance and Tax committee.

Bill History

2026-03-13 Senate
• Died in Finance and Tax
2026-01-21 Senate
• Favorable by Commerce and Tourism; YEAS 10 NAYS 0 • Now in Finance and Tax
2026-01-16 Senate
• On Committee agenda-- Commerce and Tourism, 01/21/26, 8:30 am, 110 Senate Building
2026-01-13 Senate
• Introduced
2026-01-12 Senate
• Referred to Commerce and Tourism; Finance and Tax; Appropriations
2026-01-05 Senate
• Filed

Official Summary Text

Research and Development Tax Credit; Increasing the combined total amount of tax credits which may be granted to business enterprises under the research and development tax credit, etc.

Current Bill Text

Read the full stored bill text

Florida Senate
-
2026

SB 1076

By
Senator Calatayud

38-01235-26 20261076__
1 A bill to be entitled
2 An act relating to the research and development tax
3 credit; amending s. 220.196, F.S.; increasing the
4 combined total amount of tax credits which may be
5 granted to business enterprises under the research and
6 development tax credit; deleting an obsolete
7 provision; providing applicability; providing an
8 effective date.
9
10 Be It Enacted by the Legislature of the State of Florida:
11
12 Section 1. Paragraph (e) of subsection (2) of section
13 220.196, Florida Statutes, is amended to read:
14 220.196 Research and development tax credit.—
15 (2) TAX CREDIT.—
16 (e) The combined total amount of tax credits which may be
17 granted to all business enterprises under this section during
18 any calendar year is
$50

$9
million
, except that the total

19
amount that may be awarded in the 2018 calendar year is $16.5

20
million
. Applications may be filed with the department on or
21 after March 20 and before March 27 for qualified research
22 expenses incurred within the preceding calendar year. If the
23 total credits for all applicants exceed the maximum amount
24 allowed under this paragraph, the credits
must

shall
be
25 allocated on a prorated basis.
26 Section 2.
The amendment made by this act to s. 220.196,

27
Florida Statutes, first applies to the 2027 allocation of tax

28
credits for expenses incurred in calendar year 2026.

29 Section 3. This act shall take effect July 1, 2026.