Business Development Incentives for Veterans and Military Spouses

Summary

The bill would let the Department of State waive filing fees for new or existing veteran‑ and military‑spouse‑owned businesses and give those businesses up to $100,000 per year in income‑tax exemptions for five years, plus a one‑time sales‑tax break on equipment. Eligibility is limited to small firms (200 or fewer employees and $5 million or less in net worth) that are at least 51 % owned by veterans or military spouses and are based in Florida. The goal is to support entrepreneurs who face frequent relocations and economic uncertainty.

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