Florida Statutes
Part II - Tax Imposed; Apportionment (Ss. 220.11-220.198)
220.19 - Child care tax credits.


(1) If the credit granted under this section is not fully used in any one year because of insufficient tax liability on the part of the corporation, the unused amount may be carried forward for a period not to exceed 5 years. The carryover credit may be used in a subsequent year when the tax imposed by this chapter for that year exceeds the credit for which the corporation is eligible in that year under this section after applying the other credits and unused carryovers in the order provided by s. 220.02(8).
(2) If a corporation receives a credit for child care facility startup costs, and the facility fails to operate for at least 5 years, a pro rata share of the credit must be repaid, in accordance with the formula:
A = C x (1 - (N/60))
Where:
(a) “A” is the amount in dollars of the required repayment.
(b) “C” is the total credits taken by the corporation for child care facility startup costs.
(c) “N” is the number of months the facility was in operation.
This repayment requirement is inapplicable if the corporation goes out of business or can demonstrate to the department that its employees no longer want to have a child care facility.

History.—s. 4, ch. 98-293; s. 36, ch. 2000-210; s. 5, ch. 2009-20.

Structure Florida Statutes

Florida Statutes

Title XIV - Taxation and Finance

Chapter 220 - Income Tax Code

Part II - Tax Imposed; Apportionment (Ss. 220.11-220.198)

220.11 - Tax imposed.

220.1105 - Tax imposed; automatic refunds and downward adjustments to tax rates.

220.12 - “Net income” defined.

220.13 - “Adjusted federal income” defined.

220.131 - Adjusted federal income; affiliated groups.

220.14 - Exemption.

220.15 - Apportionment of adjusted federal income.

220.151 - Apportionment; methods for special industries.

220.152 - Apportionment; other methods.

220.153 - Apportionment by sales factor.

220.16 - Allocation of nonbusiness income.

220.181 - Enterprise zone jobs credit.

220.182 - Enterprise zone property tax credit.

220.183 - Community contribution tax credit.

220.184 - Hazardous waste facility tax credit.

220.1845 - Contaminated site rehabilitation tax credit.

220.185 - State housing tax credit.

220.186 - Credit for Florida alternative minimum tax.

220.1875 - Credit for contributions to eligible nonprofit scholarship-funding organizations.

220.1876 - Credit for contributions to the New Worlds Reading Initiative.

220.1877 - Credit for contributions to eligible charitable organizations.

220.1895 - Rural Job Tax Credit and Urban High-Crime Area Job Tax Credit.

220.1899 - Entertainment industry tax credit.

220.19 - Child care tax credits.

220.191 - Capital investment tax credit.

220.1915 - Credit for qualified railroad reconstruction or replacement expenditures.

220.193 - Florida renewable energy production credit.

220.194 - Corporate income tax credits for spaceflight projects.

220.195 - Emergency excise tax credit.

220.196 - Research and development tax credit.

220.198 - Internship tax credit program.