summary
Introduced
11/25/2019
11/25/2019
In Committee
12/16/2019
12/16/2019
Crossed Over
Passed
Dead
03/14/2020
03/14/2020
Introduced Session
2020 Regular Session
Bill Summary
An act relating to economic development; amending s. 288.106, F.S.; 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; requiring the department to state any waiver in writing; providing that certain businesses are eligible for a specified tax refund payment; defining the term "county affected by Hurricane Michael"; deleting obsolete provisions; deleting a provision relating to the future expiration of certification for the tax refund program for qualified target industry businesses; amending s. 189.033, F.S.; conforming a cross-reference to changes made by the act; providing an effective date.
AI Summary
This bill amends Florida's tax refund program for qualified target industry businesses. It allows businesses located in counties affected by Hurricane Michael to request an economic recovery extension in lieu of a scheduled tax refund claim, and allows the Department of Economic Opportunity to waive certain eligibility requirements for these businesses during a specified time period. The bill also defines the term "county affected by Hurricane Michael" and removes obsolete provisions related to the expiration of the tax refund program.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Died in Workforce Development and Tourism Subcommittee (on 03/14/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2020/779 |
| Bill | https://www.flsenate.gov/Session/Bill/2020/779/BillText/Filed/PDF |
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