Darden Restaurants would still get help with its tax bill, but not for about 20 years, under a new proposal that surfaced in the Florida Legislature on Wednesday.
The measure would help companies such as Darden that are currently receiving tax credits through a state incentive program designed to spur capital investment — but which haven't been able to fully use those credits because they aren't paying enough in corporate-income taxes.
It would allow those companies, which currently get the capital-investment tax credits for a maximum of 20 years, to claim any credit amounts that go unused because of insufficient tax liability — beginning with the 21st year.
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