Bill Text: FL S1752 | 2010 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Economic Development [WPSC]

Spectrum: Slight Partisan Bill (Republican 9-3)

Status: (Passed) 2010-05-28 - Approved by Governor; Chapter No. 2010-147; companion bill(s) passed, see CS/HB 173 (Ch. 2010-128), CS/HB 969 (Ch. 2010-222), CS/CS/HB 1389 (Ch. 2010-226), CS/HB 7109 (Ch. 2010-136), CS/HB 7205 (Ch. 2010-140), CS/SB 1118 (Ch. 2010-208) [S1752 Detail]

Download: Florida-2010-S1752-Introduced.html

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Florida Senate - 2010                                    SB 1752 
 
By Senator Gaetz 
4-02066-10                                            20101752__ 
1                        A bill to be entitled 
2         An act relating to economic development; amending s. 
3         288.095, F.S.; increasing the amount of tax refund 
4         payments available to pay the state’s share of refunds 
5         under the qualified defense contractor and space 
6         flight business tax refund program and the tax refund 
7         program for qualified target industry businesses; 
8         providing an effective date. 
9 
10  Be It Enacted by the Legislature of the State of Florida: 
11 
12         Section 1. Paragraph (a) of subsection (3) of section 
13  288.095, Florida Statutes, is amended to read: 
14         288.095 Economic Development Trust Fund.— 
15         (3)(a) The Office of Tourism, Trade, and Economic 
16  Development may approve applications for certification pursuant 
17  to ss. 288.1045(3) and 288.106. However, the total state share 
18  of tax refund payments scheduled in all active certifications 
19  for fiscal year 2001-2002 may not exceed $30 million. The total 
20  state share of tax refund payments for active certifications for 
21  each subsequent fiscal year may not exceed $100 $35 million. 
22         Section 2. This act shall take effect July 1, 2010.