summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
2013 Regular Session
Bill Summary
Authorizes boards of county commissioners to include certain commercial developments in lease agreements related to professional sports franchise facilities; provides exemption from sales & use tax for building materials used in construction, reconstruction, expansion, or renovation of certain certified motorsports entertainment complexes through refund of previously paid taxes; provides procedures for applying for authority to earn tax refund; provides procedures for certifying refund for completed projects; provides procedures for applying for refund; provides audit authority & procedures for recapturing refunds; provides for reductions in certain local government half-cent sales tax distributions; provides for monthly distribution of specified amount of sales tax revenue to certain facilities certified by DEO as meeting requirements for receiving such funds; provides for applicability of specified statutory provisions with respect to funding of certified applicant's facility; authorizes applicant previously certified as facility for new or retained professional sports franchise to receive additional certification; revises requirements for certification of facility as motorsports entertainment complex by DEO.
AI Summary
This bill authorizes county boards to include commercial developments ancillary to professional sports franchise facilities in lease agreements, and it provides a sales and use tax exemption for building materials used in constructing, reconstructing, expanding, or renovating certified motorsports entertainment complexes, which are large venues for racing events. This exemption is administered through a refund of previously paid taxes, with specific procedures for application, certification, and auditing to prevent misuse of the funds, and it also includes provisions for reductions in local government sales tax distributions to offset these refunds. Additionally, the bill allows entities previously certified for professional sports franchises to receive an additional certification for facility improvements under certain conditions and revises the requirements for certifying a motorsports entertainment complex, including minimum seating capacity and projected attendance.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (9)
David Santiago (R)*,
Janet Adkins (R),
W. Cummings (R),
Daniel Davis (R),
Reggie Fullwood (D),
Charles Hood (R),
Travis Hutson (R),
Mia Jones (D),
Dwayne Taylor (D),
Other Sponsors (2)
Economic Affairs Committee (House), Finance and Tax Subcommittee (House)
Last Action
Died pending review of CS, companion bill(s) passed, see CS/HB 7019 (Ch. 2013-213) (on 05/03/2013)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| House Committee Amendment to Amendment #257947 | http://www.flsenate.gov/Session/Bill/2013/1049/Amendment/257947/PDF |
| House Committee Amendment #319521 | http://www.flsenate.gov/Session/Bill/2013/1049/Amendment/319521/PDF |
| House Committee Amendment #661999 | http://www.flsenate.gov/Session/Bill/2013/1049/Amendment/661999/PDF |
| House Committee Amendment #404571 | http://www.flsenate.gov/Session/Bill/2013/1049/Amendment/404571/PDF |
| House Committee Amendment #068731 | http://www.flsenate.gov/Session/Bill/2013/1049/Amendment/068731/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1049/BillText/c2/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1049/BillText/c1/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1049 |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1049/BillText/Filed/PDF |
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