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Bill > S0922


FL S0922

FL S0922
Economic Development


summary

Introduced
11/14/2019
In Committee
12/13/2019
Crossed Over
03/09/2020
Passed
Dead
03/14/2020

Introduced Session

2020 Regular Session

Bill Summary

Authorizing a qualified target industry business located in a county affected by Hurricane Michael to submit a request to the Department of Economic Opportunity for an economic recovery extension in lieu of a tax refund claim scheduled to be submitted during a specified timeframe; authorizing the department to waive certain requirements during a specified timeframe; providing that certain businesses are eligible for a specified tax refund payment, etc.

AI Summary

This bill authorizes qualified target industry businesses located in counties affected by Hurricane Michael to request an economic recovery extension from the Department of Economic Opportunity in lieu of submitting a tax refund claim. The bill also allows the department to waive certain wage or local financial support eligibility requirements for these businesses between July 2020 and June 2023, and increases the maximum tax refund payment for qualified businesses that relocate or expand in the affected counties. Additionally, the bill amends a statute related to independent special districts providing utility services in "disproportionally affected counties" to allow for rate reductions for new or expanding users who provide economic benefits.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Other Sponsors (2)

Appropriations (Senate), Commerce and Tourism (Senate)

Last Action

Died in Messages (on 03/14/2020)

bill text


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