Florida legislation · 2026 Regular Session
Florida S1672: Tax Credits for Contributions to Assist Homebuyers
Status: Failed, March 13, 2026
Authorizing certain taxpayers to receive a tax credit for contributions made to certain employees for specified expenses related to buying a home; providing a maximum credit authorized in certain circumstances; authorizing a taxpayer to receive a tax credit for contributions made to certain programs; authorizing the taxpayer to submit an application for the tax credit; authorizing the tax credit to be used against certain taxes; requiring the Department of Revenue to approve applications on a first-come, first-served basis, etc.
What the bill says
An act relating to tax credits for contributions to assist homebuyers; creating s. 212.1836, F.S.; defining terms; authorizing certain taxpayers to receive a tax credit for contributions made to certain employees for specified expenses related to buying a home; providing a maximum credit authorized in certain circumstances; authorizing a taxpayer to receive a tax credit for contributions made to certain programs; authorizing the taxpayer to submit an application for the tax credit; authorizing the tax credit to be used against certain taxes…
From the introduced text, January 9, 2026:
A bill to be entitled An act relating to tax credits for contributions to assist homebuyers; creating s. 212.1836, F.S.; defining terms; authorizing certain taxpayers to receive a tax credit for contributions made to certain employees for specified expenses related to buying a home; providing a maximum credit authorized in certain circumstances; authorizing a taxpayer to receive a tax credit for contributions made to certain programs; authorizing the taxpayer to submit an application for the tax credit; authorizing the tax credit to be used against certain taxes; requiring the Department of Revenue to approve applications on a first-come, first-served basis; providing the maximum amount of credits authorized for certain fiscal years; authorizing unused credits to carryforward for a specified period of time in certain circumstances; prohibiting the sale or transfer of certain tax credits; authorizing the department to adopt rules; providing for future repeal; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1.âSection 212.1836, Florida Statutes, is created to read: 212.1836âHomebuyer Workforce Tax Credit.â (1)âFor the purposes of this section, the term: (a)ââEligible employeeâ means a person who has established permanent residency in the state and who has not previously owned a home in the state. (b)ââEligible expensesâ means a down payment or any closing costs. (c)ââEligible taxpayerâ means an employer who …