FL H4033

Repeals all sections of chapter 289, Florida Statutes relating to the Florida Industrial Development Corporation (sections 289.011 through 289.201)

Removes references to the Florida Industrial Development Corporation from multiple statutes including sales tax exemptions (s. 212.08), corporate income tax credits (s. 220.183), bank definitions (s. 220.62), workers' compensation provisions (s. 440.491), and bank investment powers (s. 658.67)

Renumbers eligible sponsor categories in community contribution tax credit programs to eliminate the Florida Industrial Development Corporation as an option while maintaining all other eligible sponsors

Maintains existing community contribution tax credit programs with annual limits of $10.5 million for homeownership projects and $3.5 million for other projects, with no changes to credit amounts or eligibility requirements

Takes effect July 1, 2011