FL H7201

Creates a partial tax exemption for real property rented to telecommunications, data systems, and Internet service providers at convention halls, civic centers, and public lodging establishments, applying only to revenue-sharing or percentage-of-sales payments (effective retroactively to July 1, 2010).

Amends the definition of "productive output" to allow expanding businesses to select any 12-month period (within 2 years of equipment installation) to measure production increases for machinery and equipment tax exemptions, rather than the immediately following period.

Excludes condominium parcels and condominium property from the definition of "real property" for building materials rehabilitation tax exemptions in enterprise zones.

Establishes the Local Government Distressed Area Matching Grant Program within the Office of Tourism, Trade, and Economic Development to provide grants matching local government business assistance (up to 50% of assistance or $50,000, whichever is less) for attracting or retaining businesses that create at least 15 full-time jobs.

Appropriates $5 million nonrecurring and $5 million recurring general revenue to Space Florida for aerospace industry development, $3.2 million nonrecurring for Space Shuttle worker retraining, and $2 million nonrecurring for local government distressed area matching grants.