summary
Introduced
03/09/2015
03/09/2015
In Committee
04/24/2015
04/24/2015
Crossed Over
04/24/2015
04/24/2015
Passed
Dead
05/01/2015
05/01/2015
Introduced Session
Potential new amendment
2015 Regular Session
Bill Summary
Revises requirements of state & local governments relating to transportation concurrency & impact fees & economic development incentives including Capital Investment Tax Credit, defense contractor & space flight business tax refund program, qualified target industry program, high-impact businesses, Quick Action Closing Fund, Innovation Incentive Program, and brownfield redevelopment; repeals funding relating to certain entertainment facilities; provides requirements for EFI; revises authority of FDFC; creates Startup Florida Initiative; establishes local enterprise zone program; provides for DEO certification & redesignates specified enterprise zones as certified enterprise zones.
AI Summary
This bill revises various economic development programs and related regulations in Florida. Key provisions include changes to transportation concurrency and impact fees, with new requirements for local governments to obtain a supermajority vote before applying them to new business developments, unless certain conditions are met, and these provisions expire on July 1, 2019. The bill also amends tax refund programs for defense contractors and space flight businesses, modifies the qualified target industry program, and adjusts rules for high-impact businesses, the Quick Action Closing Fund, the Innovation Incentive Program, and brownfield redevelopment. It repeals funding related to certain entertainment facilities, establishes requirements for Enterprise Florida, Inc. (EFI), revises the authority of the Florida Development Finance Corporation (FDFC), creates the Startup Florida Initiative, and establishes a local enterprise zone program, redesignating specified enterprise zones as "certified" enterprise zones. Additionally, the bill makes technical changes to various statutes concerning economic development incentives, tax credits, and public-private partnerships, including clarifying definitions and application processes for several programs.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Other Sponsors (2)
Economic Affairs Committee (House), Economic Development and Tourism Subcommittee (House)
Last Action
Died in Commerce and Tourism (on 05/01/2015)
Official Document
bill text
bill summary
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bill summary
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bill summary
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