FL S0620

Creates the Urban Investment Job Creation Authority with 11 members to designate enterprise program zone boundaries, review business certifications, and oversee zone development corporations.

Requires counties and municipalities with existing enterprise zones to create zone development corporations as nonprofits to implement development plans, administer assistance funds, and prequalify businesses for tax benefits.

Provides qualified businesses located in enterprise program zones with a 50 percent sales tax credit, $1,500 one-time corporate income tax credit per new employee hired from disadvantaged populations, unemployment insurance subsidies, and an 8 percent corporate income tax credit through June 30, 2016.

Establishes enterprise program zone assistance funds using incremental sales tax revenues above 2011-2012 baseline levels to finance approved urban improvement projects within the zones.

Designates the act as the "Urban Job Creation Investment Act" and sets an expiration date of June 30, 2021, with the Office of Program Policy Analysis and Government Accountability required to evaluate effectiveness and report findings by January 15, 2021.