Fla. Stat. 624.51055
Credit for contributions to eligible nonprofit scholarship-funding organizations

(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.

Source: Section 624.51055 — Credit for contributions to eligible nonprofit scholarship-funding organizations, https://www.­flsenate.­gov/Laws/Statutes/2024/0624.­51055 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 624.51055. Credit for contributions to eligible nonprofit scholarship-funding organizations's source at flsenate​.gov