FL S0816

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

Establishes zone development corporations in counties and municipalities with existing enterprise zones to recommend zone boundaries, implement development plans, administer assistance funds, and prequalify business applications.

Provides qualified businesses located in enterprise program zones with tax credits of 50 percent on sales tax purchases, $1,500 per new unemployed employee hired, unemployment insurance subsidies, and 8 percent corporate income tax credit through June 30, 2016.

Requires enterprise program zone development corporations to create assistance funds from incremental sales tax revenues exceeding 2011-2012 baseline levels to finance approved urban improvement and development projects within the zones.

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