FL H0143

Authorizes the Office of Tourism, Trade, and Economic Development to administer corporate income tax credits for spaceflight projects, creating the Florida Space Business Incentives Act with credits up to $1-2.5 million per spaceflight business and provisions for transferable net operating loss credits.

Establishes special impact estimating conferences with four principals (Governor's office, OEDR coordinator, Senate staff, House staff) to evaluate legislative proposals using advanced analytical tools; requires public meetings and consensus-based official information adoption.

Creates single sales factor apportionment option (s. 220.153) allowing taxpayers making $250+ million in qualified capital expenditures to apportion corporate income tax solely by sales factor; requires Office of Tourism, Trade, and Economic Development approval.

Repeals Chapter 221 (emergency excise tax) effective January 1, 2012, and creates replacement tax credit under s. 220.195 for taxpayers with previously earned but unclaimed excise tax credits.

Increases contaminated site rehabilitation tax credit annual cap from $2 million to $5 million; raises tax refund maximums for qualified defense contractors and target industry businesses from $5-7 million; adds three new enterprise zone designations for Martin County, City of Palm Bay, and Lake County.