SB 268 Summary: Super Enterprise Zones

• Designates six areas in Miami-Dade, Lee, and Collier Counties as pilot super enterprise zones for 10 years, with automatic revocation on June 30, 2024.

• Provides sales tax exemptions for tangible personal property purchased by certified businesses for use within super enterprise zones and for retail sales of items under $1,000 by certified businesses operating in these zones.

• Establishes "certified business" status through local enterprise zone development agencies, requiring businesses to create new employment, have no delinquent taxes, and employ at least 20 percent residents from the designated zone or county enterprise zone (waivable for good cause).

• Requires enterprise zone development agencies to submit annual economic impact reports detailing certified businesses, job creation, capital investment, and zone success metrics.

• Mandates interim review by the Office of Program Policy Analysis and Government Accountability by December 1, 2017, and final review by December 1, 2023, evaluating whether tax relief created jobs and investment in super enterprise zones.