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FL H1051

Bill

Status

Introduced

2/28/2011

Primary Sponsor

Jeffrey Brandes

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Reduces Enterprise Florida and Office of Tourism, Trade, and Economic Development review timelines for economic development incentive applications from 10 to 4 business days for initial review, and from 22 to 14 calendar days for final director approval.

  • Shortens the deadline for local governments to adopt financial support resolutions from 90 to 45 days after letter of certification, and requires businesses to sign tax refund agreements within 60 days instead of 120 days, with optional 60-day extension for compelling reasons.

  • Requires the Office of Tourism, Trade, and Economic Development to return unused local financial support to local governments within 6 months if a business fails to sign an agreement within 120 days or withdraws from the program.

  • Waives the minimum average wage requirement for the first year of tax refund agreements for target industry businesses entering agreements between July 1, 2011, and June 30, 2012, that agree to expand operations in Florida.

  • Redefines "remuneration" under the Home Health Services Act to exclude items with individual value less than $10, such as plaques, certificates, and promotional novelties.

Legislative Description

Economic Development

Last Action

Indefinitely postponed and withdrawn from consideration

5/7/2011

Committee Referrals

Economic Development And Tourism Subcommittee3/10/2011

Full Bill Text

No bill text available