Florida legislation · 2026 Regular Session
Florida H847: Research and Development Tax Credit
Status: Failed, March 13, 2026
Increases combined total amount of credits which may be granted to business enterprises during any calendar year.
What the bill says
An act relating to the research and development tax credit; amending s. 220.196, F.S.; increasing the combined total amount of credits which may be granted to business enterprises during any calendar year; deleting obsolete language; providing applicability; providing an effective date.
From the introduced text, December 19, 2025:
A bill to be entitled An act relating to the research and development tax credit; amending s. 220.196, F.S.; increasing the combined total amount of credits which may be granted to business enterprises during any calendar year; deleting obsolete language; providing applicability; providing an effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Paragraph (e) of subsection (2) of section 220.196, Florida Statutes, is amended to read: 220.196 Research and development tax credit.-- (2) TAX CREDIT.-- (e) The combined total amount of tax credits which may be granted to all business enterprises under this section during any calendar year is $50 $9 million, except that the total amount that may be awarded in the 2018 calendar year is $16.5 million. Applications may be filed with the department on or after March 20 and before March 27 for qualified research expenses incurred within the preceding calendar year. If the total credits for all applicants exceed the maximum amount allowed under this paragraph, the credits shall be allocated on a prorated basis. Section 2. The amendment made by this act to s. 220.196, words underlined are additions. hb847-00 FLORIDAHOUSEOFREPRESENTATIVES HB 847 2026 Florida Statutes, first applies to the 2027 allocation of tax credits for expenses incurred in calendar year 2026. Section 3. This act shall take …
Sponsors
- Bankson, Doug (R, HD-039) · primary sponsor
- Bankson (R, 39) · primary sponsor
Latest actions
- : Died in Ways & Means Committee
- : 1st Reading (Original Filed Version)
- : Now in Ways & Means Committee
- : Referred to Budget Committee
- : Referred to Ways & Means Committee
- : Filed
Common questions
- What is H847?
- H847 is a bill in the Florida Legislature (2026 Regular Session): Research and Development Tax Credit.
- What does H847 do?
- In its own words: An act relating to the research and development tax credit; amending s. 220.196, F.S.; increasing the combined total amount of credits which may be granted to business enterprises during any calendar year; deleting obsolete language; providing applicability; providing an effective date.
- What is the status of H847?
- Failed as of March 13, 2026. Latest action: Died in Ways & Means Committee (March 13, 2026).
- Who sponsored H847?
- Bankson, Doug (R, HD-039), with 1 co-sponsor.
- Where is the official record for H847?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/847
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.