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Bill

SB 1076

Research and Development Tax Credit

2026 Regular Session Introduced by Alexis Calatayud

Florida proposes R&D tax credits enabling businesses to deduct qualifying research expenses, potentially reducing state revenue while incentivizing innovation investment.

On Committee agenda-- Commerce and Tourism, 01/21/26, 8:30 am, 110 Senate Building
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Bill Summary · SB 1076

Legislative bill overview

SB 1076 proposes to establish or modify research and development (R&D) tax credits in Florida, allowing businesses to claim tax deductions or credits for qualifying research expenses. The bill was introduced in January 2026 and is currently under review by the Commerce and Tourism Committee, with additional consideration required from Finance and Tax and Appropriations committees.

Why is this important

R&D tax credits directly affect business investment decisions and can influence whether companies locate operations or expand research activities in Florida. The policy has real consequences for state tax revenue, job creation in technology and innovation sectors, and Florida's competitive positioning against other states offering similar incentives.

Potential points of contention

  • Cost to state budget: R&D tax credits reduce state revenue; critics may question whether the economic benefits justify the foregone tax income, particularly if credits benefit large corporations disproportionately
  • Definition and eligibility scope: Disputes may arise over what qualifies as "research and development" and whether the criteria are narrow enough to prevent abuse or broad enough to be useful
  • Effectiveness and measurement: Uncertainty about whether tax credits actually drive new R&D investment in Florida versus simply subsidizing research companies would have conducted anyway

Compiled from official sources — confirm details with the bill’s official record.

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