Bill > H1325

This bill makes numerous changes to Florida's economic development laws, including revising various incentive and tax refund programs, updating definitions, and establishing new initiatives. Notably, it repeals provisions related to funding for the International Game Fish Association World Center facility while reviving and expanding programs for the promotion of sports-related industries and amateur athletics, with the Florida Sports Foundation now playing a central role. The bill also introduces the "Innovation Florida Initiative" to foster high-technology startup and second-stage businesses, and it revises requirements for analyses conducted by the Department of Economic Opportunity (EDO) and the Office of Program Policy Analysis and Government Accountability (OPPAGA). Additionally, it modifies rules regarding transportation concurrency and impact fees for new businesses, introduces a minimum 3-year residency period for certain economic development awards, and clarifies definitions and reporting requirements for various tax credits and incentives.