Bill > H0903

This bill makes several changes to Florida's economic development laws, primarily by repealing the scheduled expiration of the Florida Enterprise Zone Act, which means that provisions related to enterprise zones will continue to exist. It also modifies sales tax refund limits for businesses in enterprise zones, removing individual caps and establishing a cumulative annual limit of $15 million for certain refunds. The bill revises the Rural Job Tax Credit Program, the Rural Infrastructure Fund, and the tax refund program for qualified target industry businesses, aiming to conform these provisions and provide continued support for economic development, particularly in rural areas. Additionally, it introduces new provisions for speculative building programs in rural counties and allows for ad valorem tax reimbursement for excess corporate income tax credits.