§ 624.51055, Fla. Stat. · Part IV. FEES, TAXES, AND FUNDS
Credit for contributions to eligible nonprofit scholarship-funding organizations.
Text — 2026 Florida Statutes
(1) There is allowed a credit of 100 percent of an eligible contribution made to an eligible nonprofit scholarship-funding organization under s. 1002.395 against any tax due for a taxable year under s. 624.509(1) after deducting from such tax deductions for assessments made pursuant to s. 440.51; credits for taxes paid under ss. 175.101 and 185.08; credits for income taxes paid under chapter 220; and the credit allowed under s. 624.509(5), as such credit is limited by s. 624.509(6). An eligible contribution must be made to an eligible nonprofit scholarship-funding organization on or before the date the taxpayer is required to file a return pursuant to ss. 624.509 and 624.5092. An insurer claiming a credit against premium tax liability under this section shall not be required to pay any additional retaliatory tax levied pursuant to s. 624.5091 as a result of claiming such credit. Section 624.5091 does not limit such credit in any manner.
(2) The provisions of s. 1002.395 apply to the credit authorized by this section.
Notes and commentary — not statutory text
History
s. 3, ch. 2009-108; s. 11, ch. 2010-24; s. 34, ch. 2011-76; s. 2, ch. 2011-123; s. 10, ch. 2019-42.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0624/0624.html
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This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
The Florida Statutes
- § 175.101, Fla. Stat.State excise tax on property insurance premiums authorized; procedure.Printed as ss. 175.101 and 185.08
- § 185.08, Fla. Stat.State excise tax on casualty insurance premiums authorized; procedure.Printed as ss. 175.101 and 185.08
- Fla. Stat. ch. 220INCOME TAX CODEPrinted as chapter 220
- § 440.51, Fla. Stat.Expenses of administration.Printed as s. 440.51
Cited by 3 provisions
Provisions in this library whose text cites § 624.51055, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 213.053, Fla. Stat.Confidentiality and information sharing.Printed as ss. 211.0251, 212.1831, 220.1875, 561.1211, 624.51055, and 1002.395
- § 624.509, Fla. Stat.Premium tax; rate and computation.Printed as s. 624.51055
- § 1002.395, Fla. Stat.Florida Tax Credit Scholarship Program.Printed as s. 624.51055; ss. 211.0251, 212.1831, 220.1875, 561.1211, and 624.51055
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