Bill > S0392

This bill revises the Florida Enterprise Zone Act by extending its expiration date to December 31, 2025, and makes several changes to how enterprise zones are administered and how businesses can qualify for associated tax benefits. Key provisions include shifting administrative authority over enterprise zones from "enterprise zone development agencies" to the applying municipality or county, which will now designate a "zone administrator" and establish a "board of the enterprise zone" to oversee operations and strategic plans. The bill also modifies eligibility criteria for enterprise zone designation by requiring at least two components of the Strategic Intermodal System to be within one mile of the zone and mandates that the board of an enterprise zone must re-certify its continued distress and public support every five years. Furthermore, it clarifies reporting requirements and ensures that businesses that have already qualified for certain enterprise zone tax credits before the act's expiration can continue to receive those benefits.