How HB 1293 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill creates a tax exemption for certain federal loans related to state emergencies and increases the cap on research and development tax credits available to businesses.

• 201.25

  Any federal loan that is related to a state of emergency declared by executive order or proclamation of the Governor pursuant to s. 252.36.

  This adds a new exemption for federal loans during state emergencies.

• 220.196

  $50 → $9 million

  This increases the total amount of research and development tax credits available to $9 million.